Managing the earth’s resources to ensure their quality and abundance for future generations is known as
a. environmental quality c. sustainable development
b. ecological preservation d. biodiversity
c. sustainable development
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Suppose the economy is just recovering from a recession and all signs now point to robust growth. How might this transition from recovery to expansion be reflected in the monetary policy curve?
What will be an ideal response?
Which of the following is unlikely to occur as a result of a price support program?
A) A reduction in consumer surplus B) A reduction in producer surplus C) An increase in quantity purchased D) An economic cost to government E) Improved economic efficiency
Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance revenue, it is
a. ignoring the law of demand. b. assuming that the demand for university education is elastic. c. assuming that the demand for university education is inelastic. d. assuming that the supply of university education is elastic.
The Fed can raise the discount rate when it wants to:
A. decrease the money supply. B. increase the money supply. C. decrease the budget deficit. D. increase the budget deficit.