The increase in spending that occurs because the demand for investment goods increases when the price level falls is known as the

For a risk averse person, the marginal utility of wealth

A) decreases as wealth increases. B) increases as wealth increases. C) decreases as wealth decreases. D) remains constant as wealth increases.

A balanced budget is present when:

a. the economy is at full employment. b. the actual level of aggregate spending equals the planned level of spending. c. public sector spending equals private sector spending. d. government revenues equal government expenditures.