The most recent agreement in which participating nations agreed to reduce their overall emissions of greenhouse gases was
A. the 2001 Doha Round of climate change.
B. the 2015 Paris Agreement on Climate Change
C. the 1987-1993 Uruguay Round of climate change
D. the 1997 Kyoto Protocol on climate change.
Answer: B
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In a market with perfectly competitive firms, the market demand curve is usually ____ and the demand curve facing each individual firm ____.
A. upward sloping; horizontal B. downward sloping; horizontal C. horizontal; downward sloping D. downward sloping; downward sloping
If a 10-year Treasury bond pays 1.5% and a 10-year corporate bond pays 4.4%, then the spread on this particular corporate bond is 5.9%
a. True b. False Indicate whether the statement is true or false
Monetarists believe that velocity
A) is constant. B) changes erratically. C) and the money supply always have an inverse relationship. D) changes in a way that can be understood and predicted.
As world economies start to recover from the 2008 financial crisis and firms expect profits to increase,
A) the U.S. short-run aggregate supply curve immediately will shift rightward. B) investment will increase and there will be a movement up along the aggregate demand curve. C) the price level in the U.S. will decrease as firms increase investment. D) both investment and aggregate demand will increase.