________ costs represent a firm's opportunity cost of using its own resources or those provided by its owners without a corresponding cash payment
a. Explicit
b. Marginal
c. Implicit
d. Sunk
c
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Which of these refers to the situation in which one party to an economic transaction takes advantage of knowing more than the other party to the transaction?
A. Moral hazard B. Adverse selection C. Biased selection
Everything else held constant, when financial frictions increase, the real cost of borrowing ________ so that planned investment spending ________ at any given inflation rate
A) increases; falls B) decreases; falls C) decreases; rises D) increases; rises
What is the Phillips curve? Explain the difference in movements along the Phillips curve and shifts in the Phillips curve, and explain what can cause these movements and shifts
What will be an ideal response?
Government debt increases the interest rate and private investment
Indicate whether the statement is true or false