The 67% Decrease in Pollution Emissions Despite Increases in Population

question 62

Multiple Choice

The 67% decrease in pollution emissions despite increases in population and vehicular use is evidence of

• A)the effectiveness of governmental air quality regulations.
• B)the ineffectiveness of governmental air quality regulations.
• C)a long-term trend in atmospheric stability.
• D)a long-term trend in radiation inversions.

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Definitions:

Sacrifice Ratio

A measure of the economic cost of reducing inflation, quantified by the percentage loss in output or production for a one percent decrease in inflation.

Inflation Reduction

Efforts or policies aimed at slowing the rate of inflation in order to stabilize the economy and maintain the purchasing power of currency.

Natural Rate

Often referred to as the natural rate of unemployment, it is the level of unemployment consistent with a stable inflation rate.

Phillips Curves

The economic theory suggesting an inverse relationship between inflation and unemployment rates over the short-term.