Economist A says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Government should either raise its _____________ or cut ___________________. I believe the government spending multiplier is ____________ than the tax multiplier, so I favor _____________________

The main international repercussion of either a fiscal expansion or monetary contraction is to

a. raise interest rates and the exchange rate, thereby crowding out net exports. b. raise interest rates and lower the exchange rate, thereby crowding in net exports. c. lower interest rates and the exchange rate, thereby crowding in net exports. d. lower interest rates and raise the exchange rate, thereby crowding out net exports.

Marginal utility is

A. the change in total utility from consuming an additional unit of a good. B. the utility received by the last consumer of a good. C. the total utility received from consuming a given quantity of a good divided by the number of units consumed. D. the utility received from consuming the first unit of a good.