The long-run Phillips curve is a horizontal line at the natural rate of unemployment

Increases in the budget deficit are believed to cause reductions in investment. Based on your understanding of the IS-LM model, will a fiscal policy action that causes a reduction in the budget deficit cause an increase in investment? Explain

What will be an ideal response?

The economic explanation that is given by Nobel laureate economist Ronald Coase for why community property is polluted more often than private property is that

A. people ignore what is not right in front of them. B. damaging private property indirectly affects individuals' wealth, whereas damaging community property directly affects their wealth. C. people are not made aware of their actions toward community property. D. damaging community property indirectly affects individuals' wealth, whereas damaging private property directly affects their wealth.