Fill in the blank: Information is a ________ good

Current thinking on the Phillips curve suggests that it would be best for policy makers to: a. focus on controlling unemployment. b. stimulate permanent shifts in aggregate supply

c. focus on controlling inflation. d. stimulate permanent shifts in aggregate demand. e. develop a two-pronged policy to control both unemployment and inflation.

Which of the following is an example of market failure?

a. Public goods. b. Externalities. c. Lack of competition. d. all of these.