If total utility is decreasing, then marginal utility is
A. increasing.
B. zero.
C. negative.
D. positive.
Answer: C
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According to the liquidity premium theory of the term structure, a steeply upward sloping yield curve indicates that short-term interest rates are expected to
A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.
The goal of maximum sustainable employment is roughly equivalent to achieving ________
A) the natural rate of unemployment B) an inflation target that is slightly above zero C) the elimination of frictional and structural unemployment D) all of the above E) none of the above
The global capital market is very competitive and efficient
Indicate whether the statement is true or false
One reason why present dollars are worth more than future dollars is because income-earning investment opportunities exist.
Answer the following statement true (T) or false (F)