The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.

True or False.  During a recession the standardized employment budget deficit is less then the actual budget deficit.

Mark all that are examples of public goods.

How many exams will you take this quarter?

Playing loud music at night causing your neighbors not to be able to sleep is a ___________ externality.

True or False. The Fed should not just look at economic growth, inflation, & unemployment rates, but should also keep an eye on leverage cycles, which exaggerate the episodes of economic growth during good economic times due to a decrease in lending.

A decline in the price of DVD players increases or decreases the demand for DVD movies (complementary goods)?

Mark all that apply in regards to a negative externality.

True or False.  During a recession the standardized employment budget deficit is less then the actual budget deficit.

If an economy is in a recession then,