If Al is risk averse, as his wealth increases, his total utility of wealth ________ and his marginal utility of wealth ________

The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:

A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.

The industry elasticity of demand for telephone service is ?2, while the elasticity of demand for a specific phone company is ?5. What is the Rothschild index?

A. 0.4 B. 0.7 C. 0.2 D. 0.5