In the averting expenditures model shown below, if environmental quality is E1,and personal environmental quality is X1, the area or distance that represents the individual’s averting expenditures is
a. edfX1 b. edhX2 c. dgh d. edfhX2
a. edfX1
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If the Federal Reserve raises its target inflation rate, the monetary policy reaction function ________ and the aggregate demand curve ________.
A. shifts upward to the left; shifts to the right B. shifts downward to the right; shifts to the left C. shifts downward to the right; shifts to the right D. shifts upward to the left; shifts to the left
When poverty is defined by an absolute real income level, what will happen to the poverty rate if income per capita in a country continues to grow?
A) The poverty rate will increase forever. B) The poverty rate will eventually be zero. C) The poverty rate will increase and then decrease. D) The poverty rate will never change.
The primary purpose of antitrust legislation is to:
A. protect small business. B. protect the competitiveness of U.S. business. C. protect the prices of American-made products. D. ensure American labor is paid a fair wage.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C