A consumer has maximized his or her utility by consuming
A) at the midpoint of the budget constraint line.
B) at the midpoint of the demand curve.
C) so that the total utility of all goods consumed is the same.
D) so that the ratio of marginal utility to price is the same for all goods consumed.
D
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Aggregate demand and aggregate supply analysis suggest that, in the short run, an expansionary monetary will result in
a) a shift in the aggregate demand curve to the left b) a shift in the aggregate supply curve to the left c) an increase in real GDP without much inflation when the economy is on the horizontal portion of the aggregate supply curve d) an increase in real GDP with high inflation when the economy is on the horizontal portion of the aggregate supply curve e) an increase in real GDP and no inflation when the economy is on the verticall portion of the aggregate supply curve
Which of the following characteristics of money can be found in bars of gold?
a) portability, uniformity, and stability in value b) portability and acceptability c) uniformity, acceptability, and stability in value d) uniformity and durability e) portability and stability in value