"The hotter it gets, the more water people drink." This statement implies that the relationship between temperature and water consumption must have:
a. no relationship

If marginal utility is positive but diminishing, as more units of a good are consumed, then the total utility from the good must be

A) falling. B) positive and rising at an increasing rate. C) positive and rising at a decreasing rate. D) positive and rising at any rate.

The Federal Open Market Committee

a. must submit its policies to the President and Senate for approval. b. operates with almost complete discretion over monetary policy. c. is required to target short-term interest rates in a mechanical way based on an equation that takes into account both price stability and output fluctuations. d. is required to set and publicize targets for money supply growth.