Marginal utility is the _______________.
Fill in the blank(s) with the appropriate word(s).
additional utility derived from consuming one more unit of some good or service
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In the above table, which plan is a flat-rate tax?
A) only plan A B) only plan B C) only plan C D) both plan A and plan C
According to research by Stock and Watson, the recent decline in volatility in many macroeconomic variables was a
A) sudden drop that occurred around 1984. B) gradual decline throughout the 1980s. C) sudden drop that occurred around 1990. D) gradual decline throughout the 1990s.
Inflation tends to redistribute income from
A) savers to borrowers. B) borrowers to savers. C) homeowners to landowners. D) parents to students.
The equilibrium in the market for loanable funds is:
A. at the interest rate set by the Fed. B. at the price at which the quantity supplied is slightly greater than quantity demanded. C. where the amount being borrowed and the amount being saved is the same. D. where the amount being saved is enough for banks to cover required reserves.