What Is the Ecological Footprint and What Does It Tell

question 32

Multiple Choice

What is the ecological footprint and what does it tell us?

• A) The ecological footprint captures carbon emissions. It tells us about global warming.
• B) The ecological footprint is an analysis that converts various demands into area. It tells us that we are currently using 1 Earth.
• C) The ecological footprint is an analysis that converts various demands into area. It tells us that we are currently using 1.5 Earths.
• D) The ecological footprint analyzes different types of energy production. It tells us what percentage of energy we consume from different sources.

---

Definitions:

Unemployment Rate

The unemployment rate represents the proportion of the workforce that is without a job and is actively looking for work.

Monetary Neutrality

The theory that changes in the money supply only affect nominal variables (like prices) and not real variables (like output) in the long run.

Phillips Curve

An economic concept depicting an inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.

Friedman and Phelps

Refers to the contributions of Milton Friedman and Edmund Phelps in economics, particularly their work on the natural rate of unemployment and the expectations-augmented Phillips Curve, disputing the long-term trade-off between inflation and unemployment.