Natural pollutants
a. include such releases as hazardous chemical wastes
b. arise from nonartificial processes in nature, such as pollen
c. refer to those associated with human activity such as fossil-fuel combustion
d. all of the above
b. arise from nonartificial processes in nature, such as pollen
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All of the following characteristics are common to both monopolistic competition and perfect competition except
A) firms act to maximize profit. B) firms take market prices as given. C) entry barriers into the industries are low. D) the market demand curves are downward-sloping.
The supply-siders argue that investment is
a. primarily a function of current income. b. highly responsive to changes in after-tax real interest rates. c. primarily a function of expectations. d. both a and b.
Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1)?
a. m = ?Ms/?(MB) = m(rrd) b. m = ?Ms/?(MB) = m(rrd, CU/D, ER/D) c. m = ?Ms/?(MB) = m(rrd + CU/D) d. m = ?Ms/?(MB) = m(rr/D, CU/D, RR/D)
Inflation that causes an increase in the prices of goods and services will, other things being equal, tend to decrease nominal GDP
a. True b. False Indicate whether the statement is true or false