Refer to the table below. What is the marginal utility of the fourth unit?
A. 36
B. 44
C. 80
D. 116
B. 44
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Which of the following will most likely increase aggregate demand?
a. a decrease in stock market prices b. a lower real interest rate c. a decrease in the expected inflation rate d. a decrease in real GDP
How did the European Union attempt to alleviate problems with currency exchange among its member countries?
a. removed trade barriers b. created a common currency c. dissolved national banks d. eliminated national borders
Refer to the accompanying figure.
Based on the figure, the income-expenditure multiplier equals:
A. 0.5. B. 2. C. 200. D. 5.
According to the Classical advocates of sound finance, if an economy is in a recession, the government should run:
A. a budget surplus and decrease spending, which will increase output. B. a budget deficit and increase spending, which will increase output. C. neither a surplus nor a deficit since changes in deficit spending do not affect output. D. neither a surplus nor a deficit since changes in spending affect output.