Marginal utility (MU) equals:

The ability of employers to increase their net revenue by paying low wages is limited primarily by

A) federal and state legislation. B) the fact that net revenue is maximized when marginal revenue equals marginal cost. C) the other opportunities available to employees. D) the right of labor unions to strike.

If the Treasury finances an expenditure by borrowing from the banking system, the money supply will not be affected if the banks

A) borrowed from the discount window to buy the government bonds. B) had no excess reserves when they bought the bonds. C) were not members of the Federal Reserve System. D) had no other government securities in their portfolios.