The slope of an indifference curve is ____ and a movement along the curve causes the loss in marginal utility (MU) of one good to ____ the marginal utility (MU) gained from another good
a. zero; maximize
b. positive; exceed
c. concave; reduce
d. negative; equal
d
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M2 equals
A) M1 and is just another name for currency outside of banks. B) M1 plus savings deposits and small time deposits minus money market fund deposits. C) M1 plus savings deposits, small time deposits, and money market fund deposits. D) M1 minus traveler's checks because they are not really money. E) currency plus savings deposits, all time deposits, and money market funds and other deposits.
A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A) the money supply. B) compounding. C) regression towards the mean. D) averaging.
MSC - MC reflects
A. an external cost. B. an internal cost. C. average marginal cost. D. marginal benefit.
Which population category equals the sum of employed and unemployed people?
A) working-age population B) labor force C) young and institutionalized D) not in the labor force