There Are Two Basic Forms of Energy Categories, ____ Energy

question 15

Multiple Choice

There are two basic forms of energy categories, ____ energy is stored energy.

• A) actual
• B) kinetic
• C) potential
• D) nonrenewable
• E) renewable

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Definitions:

Price Level

The econ-wide median price across the complete array of produced goods and services.

Potential Level

The potential level refers to the maximum output that an economy can produce without leading to inflation, considering all factors of production are fully utilized.

Autonomous Net Taxes

Taxes that are not influenced by economic activity levels, operating independently of the economy's output.

Expansionary Gap

A condition where an economy's actual gross domestic product is higher than its long-run potential, leading to upward pressure on prices.