All of the following represent government spending as a part of aggregate demand except for:

Suppose that we observe that wages are falling while output is increasing. Holding the demand for output constant, what might cause this to happen?

What will be an ideal response?

Marginal utility is measured by:

a. a ray from the origin to a point on the total utility curve. b. the change in total utility for a 1-unit change in the quantity consumed. c. total utility divided by total quantity consumed. d. the first utility minus the last utility. e. average utility multiplied by the total quantity consumed.