During the Great Recession of 2007-2009, unemployment shot u…

During the Great Recession of 2007-2009, unemployment shot up and a lot of people lost their jobs. All over the United States, people worried about job security. Which of the following do you think happened as a result of the Great Recession? (i) Consumers start eating out less. (ii) Consumers purchased fewer higher-end vehicles. (iii) Purchases of low-quality products increase. (iv) Consumers took fewer vacations outside the United States.

Pacific Gas and Electric burns coal to generate electricity….

Pacific Gas and Electric burns coal to generate electricity. If the price of coal decreases, we expect a shift to the _____ of the _____ curve for electricity and a _____ price for electricity. (Hint: Think how coal and electricity are related in terms of input and output) ​