If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is

When information about potential jobs is costly to acquire and individuals must spend time searching for jobs, which type of unemployment will result?

a. frictional b. seasonal c. structural d. cyclical

In a particular production process, if the quantities of all inputs used are increased by 60%, then the quantity of output increases by 60% as well. This means that

a. the production process cannot be enhanced by technological advances. b. no mathematical representation of the relevant production function can be formulated. c. the relevant production function has the limits-to-growth property. d. the relevant production function has constant-returns-to-scale.