Based on the production data for Pat's Pizza Parlor in the above table, the average product of labor when 4 workers are hired is ________ pizzas

M1 refers to:

a. Federal Reserve Notes and gold certificates. b. Currency held by the public plus checking account balances. c. The largest of the money-supply definitions. d. None of these.

Assume an economy with an upward-sloping aggregate supply curve and an MPC of .80 . An increase in investment spending of $50 billion will most likely increase total income by

a. $200 billion. b. $40 billion. c. more than $200 billion. d. more than $50 billion but less than $250 billion.