If technological advancements reduce the cost of pollution abatement, all else equal:
A. the price of a pollution permit will fall.
B. the price of a pollution permit will increase.
C. the government will be forced to issue more permits.
D. the government will be forced to issue fewer permits.
Answer: A
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If the stock of capital of a nation is ________ while the population ________, the nation can produce more output, but output per worker falls
A) fixed; remains stable B) fixed; decreases C) declining; decreases D) fixed; increases
"The Federal Open Market Committee (FOMC) is the group within the Federal Reserve that makes monetary policy decisions. The FOMC meets twice a year and each meeting lasts eight days." Are these two statements correct or incorrect? Why?
What will be an ideal response?
If the shifts in AD that will result from policy changes are fully and accurately anticipated, an increase in government purchases or a decrease in taxes would result in which of the following in the short run?
a. a higher level of real output and a higher price level b. a higher level of real output but no change in the price level c. a higher price level and a reduced level of real output d. a higher price level but no change in real output
Which of the following statements best describes the U.S. labor force since World War II?
a. Total employment grew, but the labor force participation rate fell. b. Total employment grew, and so did the labor force participation rate. c. Total employment grew, but the labor force participation rate remained unchanged. d. Total employment remained constant, but the labor force participation rate fell. e. Total employment remained constant, but the labor force participation rate rose.