When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information
b. decisions are being moved from those with stronger incentives to make good decisions
c. decisions are being moved from those with more of the relevant information
d. decisions are being moved from those with weaker incentives to make good decisions
b
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Refer to Figure 17-8. A typical long-run Phillips curve would have the appearance of a curve running through points
A) B and C. B) A and B. C) A and C. D) A, B, and C.
Which of the following factors would increase capital mobility?
a. fixed exchange rates. b. differences in tax laws between countries. c. different accounting standards between countries. d. both a and b. e. All of the above.
As Javier hit a baseball with his bat, the bat cracked. This example shows ______.
a. composition, but not causation b. causation, but not correlation c. correlation and composition d. correlation and causation
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease