The largest in-kind transfer program is:

If the marginal rent cost of moving from Apartment 1 to Apartment 2 is -$60 and marginal commuting cost of moving from Apartment 1 to Apartment 2 is $40:

A) moving from Apartment 1 to 2 will cost the renter $60 more in rent and $40 more in commuting. B) moving from Apartment 1 to 2 will save the renter $60 more in rent and $40 more in commuting. C) moving from Apartment 1 to 2 will save the renter $60 in rent but cost $40 more in commuting. D) moving from Apartment 1 to 2 will cost the renter $60 more in rent but save $40 in commuting.

If aggregate expenditure at a particular level of income is less than output,

a. output will increase b. output will decrease c. output will remain the same d. output will rise slightly and then level off e. we cannot determine what will happen to output