To fight a recession, an appropriate monetary policy would be that the Fed conducts an open market operation that ________ government securities, ________ the federal funds rate, and ________ aggregate demand

The law of diminishing marginal utility states that total utility must eventually diminish in the consumption of any good or service

Indicate whether the statement is true or false

If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 1,000th unit of good X is 0.5Y, then the opportunity cost of producing the 2,001st unit of good is X is most likely to be

A) less than 0.5Y. B) more than 0.5Y but less than 2Y. C) more than 0.5Y D) less than 0.5Y but more than zero. E) none of the above