When marginal utility is positive and increasing, then

a. total utility must be negative.
b. total utility must be increasing at an increasing rate.
c. total utility must be increasing at a decreasing rate.
d. total utility is decreasing.
e. total utility is at its maximum point.


b

Economics

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Conducting expansionary monetary policy when the economy is at its long-run equilibrium causes the Phillips Curve to:

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Economics