A reduction in the rate of inflation is referred to as

In the Keynesian model, an unwanted decrease in inventories leads to

A) falling interest rates. B) rising unemployment. C) rising output. D) falling money wages.

Within the framework of economics, optimization means providing a good or service until

a. total benefits are maximized. b. total benefits and total costs are equal. c. marginal benefits exceed marginal costs by the greatest amount possible. d. marginal benefits and marginal costs are equal. e. as long as total benefits are greater than total costs, any amount may be optimal under the right circumstances.