For a risk averse person, an increase in wealth brings ________ total utility of wealth and ________ marginal utility of wealth
A) higher; higher
B) higher; lower
C) lower; higher
D) lower; lower
B
Economics
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If the Fed decides that it wants to lower the unemployment rate, it ________ the growth rate of aggregate demand by ________ the growth rate of money and ________ interest rates
A) accelerates; accelerating; lowering B) reduces; accelerates, lowering C) accelerates; reducing; lowering D) accelerates; reducing; raising E) accelerates; accelerating; raising
Economics
________ are highly excludable but non-rival in consumption
A) Public goods B) Private goods C) Common pool resources D) Club goods
Economics