If the U.S. economy is experiencing falling price levels, the
a. expenditure schedule will shift downward.
b. expenditure schedule will shift upward.
c. slope of the expenditure schedule increases.
d. slope of the expenditure schedule decreases.
b
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The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of Jane's sixth magazine?
A) 80 units B) 60 units C) 36 units D) 15 units
A likely consequence of deposit insurance, ceteris paribus, is ________
A) an increase in risk-taking by banks B) a bank panic C) a credit boom D) a reduction in the severity of adverse selection
The World Trade Organization (WTO) does not permit any deviation from the most favored nation (MFN) principle, except for the developing countries.
Answer the following statement true (T) or false (F)
In the United States, the labor-force participation rate since 1960 has been
A. declining for both males and females. B. unchanged for both males and females. C. declining for females. D. increasing for females.