According to the shortsightedness effect, politicians tend to favor projects with

a. short-run benefits and short-run costs.
b. short-run benefits and long-run costs.
c. long-run benefits and short-run costs.
d. long-run benefits and long-run costs.

B

Economics

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a. $16
b. $85
c. $320
d. $400

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In an expansion, the cyclical rate of unemployment is often:

A. zero. B. negative. C. equal to the natural rate of unemployment. D. positive.

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