Since 1980, the percentage of part-time workers who are part time for economic reasons
A) has steadily decreased.
B) has steadily increased.
C) at first increased, then generally decreased.
D) generally increased in recessions and decreased in expansions.
E) has remained approximately constant.
D
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If the marginal propensity to save (MPS) increases, the multiplier
A) decreases. B) can either increase or decrease, depending on what happens to the marginal propensity to consume (MPC). C) increases. D) stays the same.
The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from an increase in the price of soda. From the graph, one can conclude that
A) Bobby views soda as an inferior good. B) Bobby's demand for soda is perfectly inelastic. C) Bobby views soda as a normal good. D) the income elasticity of demand for soda is 1.