Under adaptive expectations theory, an increase in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate

Based on the information in Scenario 1, nominal GDP in 2016 in this economy was

A) $830. B) $1,025. C) $1,090. D) $1,345.

Which of the following is true about renewable natural resources?

a. They are a type of land resource such as oil, coal, and natural gas that has a fixed stock. b. They are a type of capital resource such as air filtration systems in buildings that renew and refresh polluted air from the outside. c. They are a type of land resource such as forests, range-lands, and marine fisheries that naturally regenerate and thus can tolerate a sustained harvest, but can be depleted from excessive harvest. d. They are a type of capital resource such as irrigation networks and wastewater treatment plants that utilize water.