If both the demand curve and the supply curve shift to the right, we can unambiguously conclude that the

C = 3,600 + (mpc)y

I = 1,200 G = 1,400 NX = -200 If the equilibrium level of GDP is $30,000, using the equations for C, I, G, and NX shown above, find the value of the marginal propensity to consume. What will be an ideal response?

Wages and labor are inversely related for people who value leisure more than work

Indicate whether the statement is true or false