Over the long run if central banks want to avoid high rates of inflation, they need to be concerned with the:

According to the substitution effect along an indifference curve, when the relative price of a good falls, the consumer ________ substitutes ________ of that good for the other good

A) always; more B) always; less C) sometimes; more D) sometimes; less

A private subsidy has what effect on the amount of a good or service produced? Is a private subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?

What will be an ideal response?