Pollution Laws in China

question 221

Multiple Choice

Pollution laws in China:

• A) are similar to U.S. environmental laws
• B) are minimal
• C) are not enforced much
• D) are similar to U.S. environmental laws but are not enforced much
• E) are minimal and are not enforced much

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Definitions:

Monetary Rule

The money supply may grow at a specified annual percentage rate, generally about 3–4 percent.

Money Supply

The total quantity of money available in the economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Recessionary Gap

This occurs when equilibrium GDP is less than full-employment GDP.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and in a given time period.