Private costs are those borne by: a. the government. b. the ...

[Jipu 123]

Private costs are those borne by:
 a. the government.
 b. the producer of an item.
 c. both an item's producer and outside parties affected by a negative externality.
  d. outside parties affected by a negative externality.

Question 2

The short-run Phillips curve could shift to the left as a result of either ____ or ____.
 a. rising oil prices; increasing inflation expectations
  b. rising wages; falling prices
 c. declining oil prices; falling inflation expectations
  d. falling wages; rising prices

[Kedrick2014]

Answer to Question 1

b

Answer to Question 2

c