Which is not an example of pollution?
A. Automobile exhaust
B. Aircraft jet engine noise
C. Municipal treatment plant wastes
D. Zero-emission electric cars
Answer: D
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If the Federal Reserve wants to reduce inflation from 4 percent to 3 percent permanently, how can that goal be achieved, and what impact will that have on employment in the short run and the long run? Support your answer with a graph of the Phillips
curve in the short run and the long run.
The consumer price index implicitly assumes that the demand curve for each good and service in the representative market basket is
A) vertical. B) negatively sloped. C) positively sloped. D) horizontal.
The impact of technology on health care has
A) provided for a higher quality of life. B) increased health care costs. C) contributed to increased life expectancy. D) All of the above are correct.
Using the expenditure approach, GDP is calculated as
A. consumption expenditures + investment expenditures + government expenditures + net exports. B. wages + interest + rent + profits. C. consumption expenditures + wages. D. consumption expenditures + wages + interest.