If the short-run Phillips curve has a very shallow (or flat) slope,
a. the self-correcting mechanism cannot work
b. the structural deficit will grow in a recession.
c. the structural deficit will fall in a recession.
d. the inflation costs of reducing unemployment are fairly low.
d
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The purpose of an effluent fee is to
A) reduce the amount produced of a good and to raise the market price. B) correct for pollution while keeping the price of the good the same as before the correction. C) reward people producing externalities. D) encourage producers to keep the quantity produced the same while lowering the price.
Lung cancer kills millions of people each year. If the government were to increase taxes on cigarettes, fewer people would smoke.
What will be an ideal response?
If there is excess supply
What will be an ideal response?
In the mid 90's, over _____% of all black families are headed by women.
A. 30 B. 45 C. 60 D. 75