Author Question: The difference between the value of a good to consumers and its price is known as: a. demand. b. ... (Read 126 times)

magmichele12 · **on:** Jun 30, 2018

The difference between the value of a good to consumers and its price is known as:
a. demand.
b. marginal utility.
c. total utility.
d. consumer surplus.

Question 2

Which of the following is true?
a. Sometimes the Fed moves to partly offset or even neutralize the intended effects of fiscal policy changes.
b. If a consensus was reached between fiscal and monetary policy makers, you would not expect contractionary fiscal policy and expansionary monetary policy to be adopted at the same time.
c. If policymakers' timing is off, expansionary monetary policy could cause an inflation problem rather than reducing a high unemployment problem.
d. All of the above are true