As a person consumes more and more slices of pizza, the marginal utility of each extra slice diminishes
Indicate whether the statement is true or false
TRUE
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In the Malthusian model, an improvement in the technology of growing food is likely to
A) increase the equilibrium size of the population and increase the equilibrium level of consumption per worker. B) increase the equilibrium size of the population and decrease the equilibrium level of consumption per worker. C) increase the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker. D) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker.
A change in the aggregate price level moves the economy along a given aggregate supply curve.
Answer the following statement true (T) or false (F)
How has the development of the microchip and information technology contributed to increased productivity?
What will be an ideal response?
Housing prices peaked
A. right as the recession began in December 2007. B. before the recession of 2007-2009 began. C. after the recession began in December 2007. D. in 1999.