The additional utility derived from consuming one more unit of some good or service is called ____________.
Fill in the blank(s) with the appropriate word(s).
marginal utility
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Rent seeking involves
A. finding reasonable rent rates. B. price floors. C. price ceilings. D. citizen groups lobbying elected officials to manipulate government policy.
Explain how fiscal policy can correct a contractionary ga
What will be an ideal response?
In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________
A) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009 B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009 C) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009 D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009 E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied The figure above shows the demand for loanable funds curve.
When the money market is drawn with the value of money on the vertical axis, if the Fed sells bonds then
a. the money supply and the price level increase. b. the money supply and the price level decrease. c. the money supply increases and the price level decreases. d. the money supply increases and the price level increases.