Data on after-tax income and consumption spending for the Adam Smith family are given below:After-tax IncomeConsumption Spending9,00017,20014,00021,20019,00025,20024,00029,200Based on these data, the Adam Smith family has a marginal propensity to consume equal to:

A "flight to quality" in global asset markets in September and October 2008 caused an increase in the demand for ________

A) emerging-market equities B) luxury automobiles C) dollar assets D) blue-chip stocks

An increase in the minimum wage will tend to cause which of the following?

A) an upward shift in the WS curve B) a downward shift in the WS curve C) an upward shift in the PS curve D) a downward shift in the PS curve E) none of the above