If demand is inelastic and price is lowered, total revenue will

The equilibrium level of aggregate planned expenditure is found where

A) there is no saving and no dissaving. B) net exports is zero. C) aggregate planned expenditure equals real GDP. D) autonomous expenditure equals equilibrium expenditure. E) the price level is rising at a constant rate.

Because Jess didn't have the time to understand the issue, she did not vote on the amendment about clean energy. Jess's behavior demonstrates the economic principle of ________

A) diminishing marginal utility B) voting preferences C) rational ignorance D) minimum differentiation