Which one of the following statements best describes the results of the Clean Air Act in the United States?
a. It has been successful at reducing levels of both criteria and toxic pollutants
b. It has been unsuccessful at reducing levels of both criteria and toxic pollutants
c. It has been successful in reducing levels of criteria pollutants, but levels of toxic pollutants have increased
d. It has been successful in reducing levels of toxic pollutants, but levels of criteria pollutants have increased
e. It is too early to judge whether the Clean Air Act has reduced pollution levels
Ans: a. It has been successful at reducing levels of both criteria and toxic pollutants
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A decrease in aggregate demand, all other things unchanged, will generate _______ in potential output and _______ in the price level.
A. an increase; no change B. a decrease; no change C. no change; an increase D. no change; a decrease
Early Keynesians felt that ________ policy was ________, so they stressed the importance of ________ policy
A) fiscal; ineffective; monetary B) monetary; ineffective; fiscal C) monetary; potent; monetary D) fiscal; too potent; monetary