Suppose You Ignite a Sheet of Paper from Your Notebook

question 48

Multiple Choice

Suppose you ignite a sheet of paper from your notebook using a match and allow the fire to burn until it dies out. If you could measure all the energy in the resulting combustion products, and all the energy in the heat released (including whatever increase in disorder has occurred) , would you predict this amount to be more than, less than, or the same as the amount of potential energy in the sheet of paper you started with? (You should ignore the activation energy provided by the match to light the paper.)

• A)more energy than the paper
• B)less energy than the paper
• C)the same energy as the paper

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Definitions:

Real Wealth Effect

The change in consumption levels caused by a change in purchasing power, often due to inflation or deflation.

Aggregate Demand Curve

The Aggregate Demand Curve represents the total quantity of all goods and services demanded by the economy at different price levels.

Equilibrium Real National Output

The level of output where aggregate supply equals aggregate demand in an economy, adjusted for inflation.

Inventories

Goods that have been produced but remain unsold.