One reason that helps to explain the law of demand is the law of
A) diminishing marginal utility.
B) diminishing marginal returns.
C) increasing opportunity costs.
D) supply.
A
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Aggregate demand ________ if the expected inflation rate increases because ________
A) increases; people expect to receive cost of living raises as the inflation begins B) does not change; inflation does not affect the aggregate demand curve C) increases; people want to make purchases now before the price of goods and services begin to increase D) decreases; people wait for the exchange rates to change before making purchases E) decreases; people want to wait for the price of goods and services begin to decrease
Regulations designed to provide information to the marketplace so that investors can make informed decisions are called
A) disclosure requirements. B) efficient market requirements. C) asset restrictions. D) capital requirements.
Risk averse individuals will diversify their investments because this will
a. increase their expected returns. b. provide them with some much-needed variety. c. reduce the variability of their returns. d. reduce their transactions costs.
A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is
a. -$6.98. b. -$0.02. c. $2.45. d. $6.98.