The burning of fossil fuels may cause global warming. Considering both the science and the reactions of crops, human health, and other factors across differing climates, economists generally agree that
a. to protect the interests of future generations, the buildup of carbon dioxide must soon be stopped.
b. any climate change, if it actually occurs, will be extremely costly.
c. there will be both costs and benefits if the climate warms.
d. all people will be worse off if the climate warms.
C
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When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money supply curve
a. shifts rightward, causing the value of money measured in terms of goods and services to rise. b. shifts rightward, causing the value of money measured in terms of goods and services to fall. c. shifts leftward, causing the value of money measured in terms of goods and services to rise. d. shifts leftward, causing the value of money measured in terms of goods and services to fall.
Economists attempt, with moderate success, to perform controlled experiments making policy analysis helpful.
A. True B. False C. Uncertain