Consumer equilibrium exists when the marginal utility per dollar of expenditure is the same for all goods and services

Adverse selection is a situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction

Indicate whether the statement is true or false

Which of the following happened during the Great Depression?

a. Unemployment and prices increased while output decreased. b. Unemployment increased while output and prices decreased. c. Unemployment and prices decreased while output increased. d. Unemployment and output decreased while prices increased. e. Unemployment and output increased while prices decreased.