Suppose I am willing to pay $300 for a pair of Rollerblades and I purchase them on sale for $200 . My consumer surplus is

If a decrease in income leads to an increase in the demand for macaroni, then macaroni is

A) an inferior good. B) a necessity. C) a neutral good. D) a normal good.

According to the National Bureau of Economic Research, the United States has experienced ________ recessions since 1950

A) 4 B) 7 C) 10 D) 15