If total utility is falling, marginal utility is

Which combination of monetary and fiscal policies might policymakers elect to ward off potential inflation?

A) Fed purchase of bonds combined with tax rate increases B) Fed purchase of bonds combined with tax rate decreases C) Fed sale of bonds combined with tax rate increases D) Fed sale of bonds combined with tax rate decreases

A monopolistic competitor does not earn profits in the long run unless it can successfully differentiate its product in the minds of its consumers

Indicate whether the statement is true or false