Suppose a policy change will generate $100,000 of benefits for low-income families and $120,000 of costs for high-income families. This change can best be described as

Which of the following is a definition of the consumption function?

a. A functional relationship between real consumption spending and real disposable income b. A functional relationship between real consumption spending and the interest rate c. A functional relationship between real consumption spending and wealth d. A functional relationship between real consumption spending and total spending e. A functional relationship between real consumption spending and net taxes

Market structures are defined by all of the following except the

a. number of firms b. level of prices c. ease with which new firms can enter d. presence of substitute goods e. existence of barriers to entry