Fracking Is a Method to Extract ___________ from Deep Unconventional

question 1

Multiple Choice

Fracking is a method to extract ___________ from deep unconventional reserves.

• A)coal
• B)oil
• C)natural gas
• D)oil shale
• E)both oil and natural gas

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Definitions:

Nominal Wage

The amount of money paid to employees without adjustment for inflation or purchasing power.

Price Level

An index that measures the average of the prices over a range of products and services, reflecting the cost of living or inflation.

Real Wage

This is the purchasing power of a person's earnings, considering the effects of inflation on buying goods and services.

Expected Price Level

The average price level for goods and services anticipated by individuals and organizations, affecting consumption and investment decisions.