A(n) _____ perceives the demand for its own output as horizontal at the market price, so it can produce as much or as little as it wants without affecting that price

If the MPC increase, the equilibrium levels of income and consumption will change in which of the following ways?

A) No change/No change B) No change/Increase C) Increase/No change D) Increase/Increase E) Decrease/Decrease

A firm's price rises. As a result, the

A) supply of labor to the firm decreases, that is, the labor supply curve shifts leftward. B) supply of labor to the firm increases, that is, the labor supply curve shifts rightward. C) demand for labor by the firm increases, that is, the labor demand curve shifts rightward. D) demand for labor by the firm decreases, that is, the labor demand curve shifts leftward.