Some sources of air pollution may tend to cause global cooling
Indicate whether the statement is true or false
T Particulate matter can interfere with radiation reaching the Earth and thus tend to lower global temperatures.
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
An increase in immigration would
a. have no effect on the labor supply curve and real wages. b. shift the labor supply curve to the left and increase real wages. c. shift both the labor demand curve and the labor supply curve to the left. d. shift the labor supply curve to the right and decrease real wages.
Under a fractional reserve banking system, banks are required to
(a) keep part of their demand deposits as reserves (b) expand the money supply when requested by the central bank (c) insure their deposits against losses and bank runs (d) pay a fraction of their interest income in taxes (e) charge the same interest rate on all their loans
A tariff is most likely to _______ prices and _______ consumption of the good or service being protected.
A) lower; increase B) increase; decrease C) have no effect on; not change D) lower; lower