In the context of decisionmaking, the word "marginal" is most closely associated with the word
a. "unimportant.".
b. "slow.".
c. "edge.".
d. "irrational.".
c
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Ricardian equivalence probably describes:
A. all people, since people are rational. B. nobody, since nobody is actually rational. C. some people, but not most people. D. most people, but not all people.
When the Fed lowers the discount rate, it makes it:
A. cheaper for banks to borrow from each other. B. cheaper for banks to obtain additional reserves by borrowing from the Fed. C. more difficult for banks to accept deposits. D. more difficult for banks to extend loans.
Which of the following is/are NOT a characteristic of a perfectly competitive market?
A. a small number of firms in a market B. selling a standardized product C. no barriers to entry D. an individual firm having no control over price
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B