About two-thirds of U.S. electricity is generated from:
A. hydroelectric.
B. petroleum.
C. nuclear energy.
D. coal and gas.
Ans: D. coal and gas.
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Suppose the economy is at a short-run equilibrium GDP that lies below potential GDP. Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?
A) Unemployment will rise. B) Prices will increase. C) Output will decrease. D) Short-run aggregate supply will shift to the right.
A public good or service can be consumed by paying and nonpaying customers alike
a. True b. False Indicate whether the statement is true or false
One goal a firm tries to achieve when it advertises a product is to
A) make the demand curve for the product more elastic. B) make the demand curve for the product unitary elastic. C) make the demand curve for the product more inelastic. D) shift the demand curve for the product to the left.
Per the video clip on the Great Depression and Keynesianism, which of the following is false?