The long-run Phillips curve is

In the short-run macro model, rising GDP and a falling interest rate are most likely to be the result of a(n)

a. increase in the money supply b. decrease in the money supply c. increase in government purchases d. decrease in government purchases e. decrease in taxes

To find the social cost of an action, add together

A. the external costs and the internal costs. B. the external and accounting costs. C. the internal costs and the private opportunity costs. D. the private costs and the internal costs.