If national income increases by $20 million and consumption increases by $5 million, the marginal propensity to consume is

In the above figure, the relationship between the tax rate and tax revenue is positive and becoming less steep between tax rates of

A) 0 percent and 30 percent. B) 30 percent and 100 percent. C) 0 percent and 100 percent. D) None of the above answers are correct.

The use of technology such as telephones and computers means that money exchanges and other financial transactions can be _____.

(A) Based on U.S. dollars all over the world. (B) Made instantaneously. (C) Converted to prices in any currency. (D) Sensitive to variations in any currency.