A consumer maximizes her total utility from a bundle of goods when her marginal utility from each good is equal

Indicate whether the statement is true or false

FALSE

Economics

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Assume that peanut butter and jelly are complementary goods. A decrease in the number of peanut butter suppliers will cause the

a. demand for peanut butter to increase b. supply of peanut butter to increase c. demand for jelly to increase d. demand for jelly to decrease e. supply of jelly to decrease

Economics

Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a:

A. rightward shift of the aggregate demand curve along a fixed aggregate supply curve. B. rightward shift of the aggregate supply curve along a fixed aggregate demand curve. C. rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve. D. leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply curve.

Economics