If marginal utility is a positive number:
a. the more you purchase, the more total utility you get
b. the more you purchase, the less total utility you get
c. utility is not affected by more purchases
d. none of these is correct
a
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Which of the following statements is true?
A) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a larger principal. B) Banks are the only financial institutions that lend money and do not accept deposits. C) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a smaller principal. D) Banks are the only financial institutions that do not lend money but accept deposits.
With respect to controlling the money supply, the law requires the Fed to take orders from:
a. the President. b. the Speaker of the House. c. the Secretary of the Treasury. d. no one?the Fed is an independent agency.