Which of the following correctly expresses the relationship between the marginal utilities of two goods and marginal rate of substitution between the goods?

The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called

A) macroeconomics. B) normative economics. C) microeconomics. D) public economics.

Paul Volcker was appointed to head the Federal Reserve System by ________

A) Richard Nixon in 1969 B) Jimmy Carter in 1979 C) Ronald Reagan in 1992 D) Barack Obama in 2009