Liz loves to eat popcorn. Still, the more she eats, the less she wants each additional bite. Her marginal utility from popcorn is
A) diminishing.
B) negative.
C) increasing.
D) zero.
A
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When the short run aggregate supply curve shifts right, it ___ the short-run Phillips curve
a. Moves the economy up along b. Moves the economy down along c. Shifts right d. Shifts left
Two goods are ______ when an increase (decrease) in the price of one good causes an increase (decrease) in the demand for the other good.
a. tributes b. detriments c. complements d. substitutes
The fact that some people are willing to take a pay cut to be able to work from home suggests that:
A. some people get benefits called "psychic income" from working conditions they like. B. when it comes to work, people often are not rational. C. people have no choice but to work at home. D. people are being paid efficiency wages when they aren't working at home.
?Exhibit 10A-2 Macro AD-AS Model
?In Exhibit 10A- 2, the intersection of AD with SRAS indicates:
A. ?a short-run equilibrium. B. ?a long-run equilibrium. C. ?that the economy needs policies to reduce unemployment. D. ?that the economy is at full employment.