What has been the effect of hydraulic fracturing?
A. increased Superfund payments and disbursements
B. reduced reliance on fossil fuels
C. increased availability on renewable energy
D. increased production of and lower prices for natural gas and oil
Answer: D. increased production of and lower prices for natural gas and oil
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The user cost of capital is negatively related to ________
A) the real rate of interest B) the depreciation rate C) the expected rate of change of the real price of capital D) the tertiary log of the nominal price of capital
A recessionary gap exists when potential GDP
a. falls short of equilibrium GDP. b. exceeds equilibrium GDP. c. equals equilibrium GDP. d. All of the above are correct.
Fiscal policy may be mistimed due to
A. the jet lag. B. the putting lag. C. the impact lag. D. All of these.
Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. The opportunity cost of one pair of shoes for the United States is ________, while the opportunity cost of one pair of shoes for Canada is ________.
A. 5 apples; 2 apples B. 2,000 apples; 200 apples C. 1/5 apple; ½ apple D. 100 apples; 20 apples