The Clean Air Act of 1992 focused on
A. greenhouse gases.
B. smog.
C. acid rain.
D. the ozone layer.
Answer: C
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The use of countercyclical monetary and fiscal policy by the government and the Fed to steady the economy is known as
a. discretionary policy b. monetarist policy c. creative policy d. stabilization policy e. institutional policy
Refer to the graph below.
Productive inefficiency occurs at what point?
A. A B. B C. C D. D
The long-run equilibrium for a firm in an information product industry exists at a point at which
A. marginal cost exceeds marginal revenue. B. average total cost is minimized. C. the demand curve is tangent to the average total cost curve. D. the demand curve crosses the marginal cost curve.
If interest rates rise and still real investment spending increases, what must have happened to the function relating investment to the interest rate?