If short-run equilibrium output equals 20,000 and potential output (Y*) equals 25,000, then this economy has a(n) ________ gap that can be closed by ________.

Steep Upward-Slope of yield curve so expect _____ interest rates

Fill in the blank(s) with the appropriate word(s).

Using marginal utility theory, when the price of a gallon of milk falls, a consumer will buy

A) the same amount of milk as before and buy more of all other goods. B) more milk. C) more milk only if its marginal utility is increasing. D) more milk only if its marginal utility is constant.