Tan is receiving a holiday bonus of $800. Her marginal propensity to consume is 0.4. How much of her bonus will she save?

If the firm can vary all factors of production, it is operating

A) at a profit. B) at a zero economic profit. C) in the short run. D) in the long run.

A decrease in the nominal wage will cause the aggregate supply curve to

A. shift outward. . B. shift inward. C. become flatter D. become steeper. .