Which of the following is considered a nonrenewable resource?
A. Natural gas
B. Sunlight
C. Rivers
D. Wind
A. Natural gas
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The GDP deflator measures how prices change over time
Indicate whether the statement is true or false
Some economists believe that one factor that caused the financial crisis of 2007-2009 was top managers of large financial services firms making riskier investments than were in the best interests of the firms' shareholders
Indicate whether the statement is true or false
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Lower real wages make it ______.
a. more profitable to hire new workers b. less profitable to hire new workers c. more likely that short-term unemployment will increase d. less likely that real wages will move toward equilibrium