Renewable energy sources provided _____ of U.S. energy needs as of 2013.
A. almost 100 percent
B. 20.8 percent
C. 9.4 percent
D. 14.2 percent
Answer: C
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If wages do not fall when there is an excess supply of labor, then ________.
A. there is a speculative bubble in the labor market B. the economy cannot be in a slump C. Say's Law holds D. wages are "sticky downwards"
A central bank's setting (or altering) of the money supply is known as
a. open-market operation. b. interest rate policy. c. monetary policy. d. employment policy.
Suppose that this graph describes the current labor market for high school teachers:
Suppose supply of labor decreases. At the new equilibrium, wages would be ________ and ________ teachers would be hired.
A. lower; fewer B. higher; fewer C. higher; more D. lower; more
Based on most observations, what are the effects on government budgets from the national health care program?
A) Tax revenues will not flow into the new program immediately. B) The federal government ultimately will have to search for ways to reduce its health care expenditures. C) Federal government expenditures on the program are being phased in immediately. D) the federal government ultimately will lower taxes since the program's cost will decline over time.