Which of the following is NOT a common property?
A) a city park
B) a main street
C) a public beach
D) a movie screening
D
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When the price of a commodity falls, we can expect
A. total utility will fall. B. marginal utility of the last unit purchased will fall. C. marginal utility of the last unit purchased will rise. D. purchases will fall because of a change in marginal utility.
During the Great Depression we observed:
a. higher prices. b. higher real wages. c. lower output. d. higher money wages. e. both b and d.
Under fractional reserve banking system, banks
A. hold more reserves than deposits. B. generally lend out majority of the funds deposited. C. cause the money supply to fall by lending out reserves. D. None of the above is correct.
Which of the following is most likely to lead to demand-side inflation?
A. An increase in government spending B. A decrease in taxes C. An increase in the money supply D. All of these responses are correct.