Typically, an individual takes only one newspaper from the bin because
A) of the low marginal utility of additional newspapers.
B) total utility will rise with consumption of more than one newspaper.
C) marginal utility increases with the first consumption of newspapers.
D) there are limited amounts of newspapers in the bin.
Answer: A
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An increase in the money supply is a discretionary fiscal policy which will increase aggregate demand
Indicate whether the statement is true or false
Some countries have had high inflation for a long time. Others have had low or moderate inflation for a long time. Which of the following, at least in theory, could explain why some countries would continue to have high inflation?
a. High inflation countries have relatively small sacrifice ratios and so see no need to reduce inflation. b. Inflation reduction works best when it is unexpected, and people in high inflation countries would quickly anticipate any change in monetary policy. c. In a country where inflation has been high for a long time, people are likely to have found ways to limit the costs. d. In a country where inflation has been high for a long time, there are no costs to the inflation.
Explain the differences between patents and copyrights
What will be an ideal response?
Using the Taylor rule, if the current inflation rate exceeds the target inflation rate and real GDP exceeds potential GDP, then the federal funds target rate ________ the sum of the current inflation rate plus the real equilibrium federal funds rate
A) may be greater than or less than B) will be greater than C) will be the same as D) will be less than