Refer to Figure 5-8. What is the economically efficient level of pollution reduction?
A) 12.5 million tons B) 9 million tons C) 8 million tons D) 0 tons
B
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When the price level rises, the long-run aggregate supply curve ________
A) shifts rightward B) does not shift C) slopes upward D) shifts leftward
Traditionally, elementary and secondary education was an enterprise of state government
a. True b. False
Which of the following is NOT a method for promoting global economic growth?
A) reliance on private markets to direct capital goods toward their best use B) Count on the world's governments to develop policies that promote economic growth in developing nations. C) Encourage population growth so that developing nations' labor supply increases. D) market based approach
Until Federal Reserve Notes are actually used by the District Federal Reserve Banks, the notes are
a. considered counterfeit b. not counted as part of the money supply c. considered specie currency d. devalued during open market operations e. held in a detention bank in San Francisco