Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$540$540560555580570600585620600640615660630The MPC and multiplier are, respectively,

If two variables are unrelated, a scatter diagram of those variables will

A) be a vertical line. B) be a horizontal line. C) be either a vertical or horizontal line. D) have a constant positive slope.

"Demand" is best defined as the relationship between:

A) the price of a good and the quantity consumers are willing and able to buy at each price level. B) the current price of a good and the quantity demanded at that price. C) the quantity supplied and the price people are willing to pay for a good. D) the amount of income someone has and the price he is willing to pay for a good.