If marginal utility is positive, then total utility is:
A. constant.
B. negative.
C. increasing.
D. decreasing.
Answer: C
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An increase in the expected future marginal product of capital would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) remain unchanged if firms face borrowing constraints; otherwise, shift down and to the left.
Markets can be missing if:
A. there is a lack of technology that would make the exchanges possible. B. there is a ban on the sale of a particular good. C. there is a lack of accurate information between potential buyers and sellers. D. All of these are true.
Which of the following will not increase aggregate expenditures?
a. A decrease in domestic prices b. A decrease in the interest rate c. An increase in real wealth d. An increase in income taxes e. An increase in autonomous net exports
When there is a surplus of a product in an unregulated market, there is a tendency for
A. quantity supplied to decrease. B. price to fall. C. price to rise. D. quantity demanded to increase.