The change in satisfaction derived when an individual consumes one more unit of a good or service is called

If cyclical unemployment is eliminated in the economy, then

A) the unemployment rate is above the natural rate of unemployment. B) the economy is considered to be at full employment. C) the unemployment rate is below the natural rate of unemployment. D) the economy is at less than full employment.

A decrease in the inflation rate will lead to a ________ nominal interest rate, which will ________ the debt-to-GDP ratio

A) higher; raise B) higher; reduce C) lower; raise D) lower; reduce