Other things equal, along the aggregate demand curve, a higher price level is associated with
A) an increase in the quantity of real GDP demanded.
B) a decrease in the quantity of real GDP demanded.
C) a decrease in the quantity of nominal GDP demanded.
D) higher income levels.
Question 2
Human capital is the
A) machinery used by humans to produce GDP.
B) technology used by humans to produce GDP.
C) skill and knowledge accumulated by humans.
D) plant and equipment produced by humans and not by machines.
Ebbinghaus’s forgetting curve
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
The growth in demand for energy use is met by burning fossil fuels
The demand for cheap coal to generate electrical power is rising
Real Price of Oil, 1861–2010
Rising Sea Level