Which school calls for more information from policymakers so that people can incorporate government plans into their outlook for the future?
a. The new classical school
b. The new Keynesian school
c. The traditional Keynesian school
d. The monetarist school
e. The classical school
a
Economics
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If demand for a good increases when incomes rise and decreases when incomes fall, the good is called a(n) ______ good.
a. substitute b. normal c. inferior d. complement
Economics
Nona has just gone on a bike ride for an hour and says it gave her a utility of 7. If she chooses to continue to ride her bike for another hour:
A. we can assume she will get at least a marginal utility of more than 7. B. we can assume she will get a marginal utility of 7. C. we can assume she will get a marginal utility of less than 7. D. we can assume Nona's total utility will fall because of diminishing marginal utility.
Economics