When the value of a payment is adjusted in proportion to changes in the CPI, economists refer to that as

In the Friedman-Phelps analysis, when inflation is less than expected, the unemployment rate is less than the natural rate

a. True b. False Indicate whether the statement is true or false

A public good is any good:

A.) that is paid for by tax dollars. B.) for which it is difficult to exclude users and for which consumption by one person does not subtract from what is available to others. C.) that is consumed by every member of the general public, but use by one person subtracts from what is available for others. D.) that is typically consumed in public places.