In economics, the term "marginal" usually refers to
a. a small change in an economic variable
b. a low-quality product or resource
c. an unimportant and irrelevant economic variable
d. an all-or-nothing economic decision
e. a footnote or minor point
A
Economics
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If the AS and the AD curve intersect at a level of real GDP that exceeds potential GDP, then the appropriate monetary policy is one that ________ the federal funds rate and ________ aggregate demand
A) raises; increases B) lowers; decreases C) raises; has no effect on D) lowers; increases E) raises; decreases
Economics
From 1970 to 2006, the largest percentage increase in average real income for households in the United States occurred in which quintile?
A) the bottom quintile B) the second quintile C) the middle quintile D) the top quintile
Economics