The short-run Phillips curve always intersects the long-run Phillips curve at:
a. Zero inflation
b. At an accelerating inflation rate.
c. The expected inflation rate.
d. The same rate over time.
c
Economics
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Education is subsidized because it generates beneficial externalities
a. True b. False Indicate whether the statement is true or false
Economics
Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age of 65, 44 years later. How much more will be in your account if the interest rate is 6 percent rather than 5 percent?
A. $1,549 B. $440 C. $4,428 D. $8,557
Economics