Indefining environmental risk, exposure refers to the
a. source of environmental damage and the benefits of eliminating the damage
b. pathway between the source of the environmental damage and the affected population
c. pathway between the source of the environmental damage and the affected natural resource
d. all of the above
e. (b) and (c) only
e. (b) and (c) only
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Assume an economy that makes only one product and that year 3 is the base year. Output and price data for a five-year period are as follows. Answer the question on the basis of these data. year units of output price per unit 1 3 3 2 4 4 3 6 5 4 7 7 5 8 8 Refer to the above data. For the years shown, the growth of:
a) real GDP has exceeded the growth of nominal GDP. b) nominal GDP accurately reflects changes in real output. c) nominal GDP overstates increases in real output. d) nominal GDP understates increases in real output.
According to the AS/AD model, in the short run an increase in the federal funds rate will
What will be an ideal response?
Is it possible for the unemployment rate to rise at the same time that the number of people working increases?
A. yes, if labor force growth outpaces growth in the number of people working B. yes, if established workers keep their jobs but no longer have the option of working overtime C. yes, if the new workers are employed less than full time D. no