The nation has its own MPC. When disposable income increases from $300 billion to $400 billion, national consumption increases from $300 billion to $360 billion. At Y = $400 billion, the MPC is:

In the early 1800s, many state legislatures began to pass general incorporation laws, which

A) made it harder for firms to organize as corporations. B) allowed sole proprietorships and partnerships to issue stock. C) allowed firms to more easily be organized as corporations. D) granted sole proprietorships and partnerships limited personal liability.

Which of the following is most likely to reduce structural unemployment?

a. A reduction in wage rates b. Access to better information on local job openings c. Retraining workers in marketable skills d. Promotion of full employment through government stabilization policies e. Reducing the cost of job loss through enhanced unemployment benefits