Which of the Following Is Not Cited as a Reason

question 85

Multiple Choice

Which of the following is not cited as a reason for the apparent failure of the Superfund?

• A) Finding and suing the responsible parties were very difficult.
• B) Cleaning up a site is a complicated and time-consuming task.
• C) Environmental lobbyists insisted that the list of sites be increased but not necessarily assigned priorities.
• D) Lawyers representing major corporations effectively blocked suits.
• E) There was rapid turnover in EPA Superfund managers.

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Definitions:

Natural Rate

An economic theory concept referring to the level of any economic variable that is expected to prevail in the long term under natural conditions, without external influences.

Inflation Rate

The speed at which the average price level of goods and services increases, leading to a decrease in buying power.

Long-Run Aggregate Supply

The total output of goods and services that an economy can produce when both labor and capital are fully employed, at full capacity.

Long-Run Phillips Curve

A macroeconomic concept that suggests there is no long-term trade-off between inflation and unemployment, implying that in the long run, the economy reaches a natural rate of unemployment regardless of inflation.