Figure 9.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD2 could be caused by a(n)
A) increase in the money supply. B) decrease in government spending.
C) increase in taxes. D) increase in the price level.
A
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Gross federal debt as a percentage of GDP has
a. increased dramatically in the early 1990s b. decreased dramatically in the early 1990s c. decreased somewhat between 1995 and 2005 d. increased dramatically in the late 1990s e. decreased dramatically in the late 1990s
Which of the following correctly distinguishes the concepts of marginal utility and total utility?
a. Marginal utility is inversely related to the number of goods consumed, while total utility is directly related to the number of goods consumed. b. Marginal utility is directly related to the number of goods consumed, while total utility is inversely related to the number of goods consumed. c. Marginal utility is the total satisfaction provided by the consumption of a good, while total utility is the additional amount of satisfaction received from the consumption of an additional unit of a good. d. Total utility is always a positive value, while marginal utility is always a negative value.