If your disposable personal income increases from $40,000 to $48,000 and your consumption increases from $35,000 to $39,000 . your marginal propensity to consume (MPC) is:

When demand is elastic, a decrease in price will

A) decrease total revenue. B) not change total revenue. C) increase total revenue. D) reduce quantity demanded.

It has been argued that banks tended not to take full advantage of issuing notes, thereby passing up potential profits because:

a. the profit amounts were small. b. they were not the types of profits conservative bankers wanted to pursue. c. regulations and opportunity costs involved with the issuance itself limited the profits. d. All of the above are correct. e. Only a and c are correct.