The data presented in the text shows that in the period from 1947-2013, real GDP in the United States has
A) decreased in every year since 1947. B) generally remained the same.
C) decreased only in recent years. D) increased substantially.
D
Economics
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____________ is the extra usefulness or satisfaction that a person gets from acquiring one or more unit of a product.
a. marginal utility b. diminishing marginal utility c. income effect d. change in demand
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When you find the answer to your problem but settle for something else is an example of the
a. implicit favorite model b. bounded rationality model c. econological model d. none of the above
Economics