When the government increases taxes to provide traditional public goods, such as national security, there tends to be

a. widespread benefits and costs
b. widespread costs and concentrated benefits
c. concentrated benefits and costs
d. widespread benefits and concentrated costs
e. widespread costs and either widespread or concentrated benefits

A

Economics

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The key to understanding the short-run trade-off behind the Phillips curve is that an increase in inflation will decrease unemployment if the inflation is ________ by both workers and firms

A) ignored B) perfectly predicted C) expected D) unexpected

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