A.W. Phillips' study of unemployment and inflation in the United Kingdom specifically looked at the empirical relationship between the unemployment rate and the

Many economist believe that misguided macroeconomic policies did more to create the Debt Crisis of the 1980s than ISI

Indicate whether the statement is true or false

The creation of new property forms (such as privatizing a public beach) is one answer to __________ because it would reduce _________

a. government failure; market failure b. market failure; government failure c. the creation of third parties; public choice d. dealing with externalities; the number of third parties e. the inefficiencies of the market; special interests