If an economy's MPC is 0.95 and the MPM is 0.15, then an increase in government spending of $1,000 will increase income by

Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________

A) 9 percent; 10 percent B) 10 percent; 9 percent C) 10 percent; 11 percent D) 11 percent; 10 percent

Refer to the information provided in Figure 6.15 below to answer the question that follows. Figure 6.15Refer to Figure 6.15. If the price of a hot dog is $2, Jason's income is

A. $25. B. $200. C. $300. D. indeterminate because the price of sandwiches is not given.