What does it mean if a person makes a "decision at the margin"?
A) The person compares additional benefits and additional costs when deciding what to do.
B) The person weighs the good against the bad and then decides what to do.
C) The person is more likely to say yes than to say no.
D) The person compares marginal benefits and total costs and then decides what to do.
E) The person makes a decision based on a condition.
A
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Personal consumption expenditures include
A) expenditures by households on goods and services produced only in the United States. B) expenditures by households on goods and services produced in the United States and the rest of the world. C) the purchase of new homes. D) the purchase of used goods and new goods.
Everything else held constant, an increase in government spending ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply