If the marginal propensity to consume decreases, the marginal propensity to save decreases

If the labor force consists of 1,000 people and and the unemployment rate is 7%, then 930 people must be considered employed

Indicate whether the statement is true or false

Which of the following statements is NOT true during the colonial years, according to Hughes and Cain (2011)?

(a) Labor organizations were considered, by law, criminal conspiracies against society. (b) Colonial society provided for its aged and sick poor; others had to work. (c) Efforts to control wages and prices by governmental authority were present. (d) Compulsory labor applied only to slaves and indentured servants. (e) Idle persons were frequently jailed for the crime of having no visible means of support.