Suppose that the consumption function crosses the 45-degree line at a disposable income level of $800 . Assume further that saving equals $200 when disposable income is $1,300 . This implies that the MPC must equal 0.6

A human resource such as ingenuity can be thought of as

A) part of government spending programs. B) part of a country's endowment. C) a causal factor for aggregate supply shifting left. D) a positive for imports.

Changing consumer taste and preferences, lawsuits, and competitive pressures adversely affect McDonald's sales

Indicate whether the statement is true or false