One of the implications of the kinked demand curve model is that even if a firm's costs change by a measurable amount, market price is unlikely to change. This helps explain the price rigidity observed in many oligopolistic markets

If the level of consumption is? $120 billion and disposable income is? $150 billion, then the

A. APC? = 0.8 and saving is positive. B. APC? = 0.8 and saving is negative. C. APC? = 0.75 and saving is positive. D. APC? = 0.75 and saving is negative.

Which of the following is likely to shift the production possibilities curve of a nation rightward?

A) An increase in the education and experience of the workforce B) An increase in the demand for the nation's exports C) An improvement in the terms of trade that the nation faces D) An increase in the price of raw materials used by the nation