Suppose the adult population of a country is 100 million. Of these adults, 70 million are employed and 15 million are unemployed. The labor force of this country is _____

If consumers have limited information about price and search costs exist, then

A) the result must be that all firms will charge the same price. B) the monopoly price must result. C) the full-information, competitive price is not an equilibrium. D) the difference in prices between firms will be greater than the search cost.

Given a national income of $800 billion, an MPC of 0.8, and autonomous consumption of $60 billion, what is the level of consumption spending?

a. $640 billion b. $700 billion c. $760 billion d. $800 billion e. $860 billion