Kirk consumes normal goods. If Kirk's income decreases and the prices of all goods remain unchanged, in his new consumer equilibrium, his marginal utility from each good will ________ and his total utility will ________

The crowding model of discrimination suggests that:

A. women and selected minorities are systematically excluded from high-paying occupations and crowded into low-paying occupations, decreasing their wages and reducing domestic output. B. employers having high discrimination coefficients will be crowded out by nondiscriminating employers in the long run. C. firms will base hiring decisions on group averages, rather than on individual characteristics and productivity. D. occupational segregation is largely the result of freely made rational choices of women and minorities.

The expected effects of monetary expansion are

A. lower real interest rates. B. exchange rate depreciation. C. higher inflation. D. All of these responses are correct.