If consuming more of a good doesn't affect a consumer's well-being, then:
A. the marginal utility of the good is positive.
B. the marginal utility the good is negative.
C. the marginal utility the good is constant.
D. the marginal utility the good is zero.
D. the marginal utility the good is zero.
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Some individuals seek to use government action to make themselves better off at the expense of others. The actions of these individuals
A) are evidence of the voting paradox. B) are examples of fraud; but these individuals usually avoid prosecution because of logrolling and rational ignorance. C) offer proof that Adam Smith's "invisible hand" is not valid. D) are examples of rent seeking.
Everything else held constant, an autonomous easing of monetary policy will cause
A) aggregate demand to increase. B) aggregate demand to decrease. C) the quantity of aggregate demand to increase. D) the quantity of aggregate demand to decrease.