Which one of the following is based on the idea that the marginal utility of income diminishes as income increases?

Why is the line between frictional and structural unemployment sometimes hard to draw?

What will be an ideal response?

Moving along the aggregate expenditure (AE) curve, when real GDP increases, aggregate planned expenditures increase

A) by the same percentage as does real GDP. B) by more than real GDP. C) proportionately with real GDP. D) by the same amount as does real GDP. E) by less than real GDP.