The number of people officially unemployed is not the same as the number of people who can't find a job because:
a. people who have jobs continue to look for better ones.
b. the armed forces is included.
c. discouraged workers are not counted.
d. none of these.
c
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A perfect price discriminator
A) charges each buyer her reservation price. B) charges different prices to each customer based upon different costs of delivery. C) generates a deadweight loss to society. D) charges lower prices to customers who buy greater quantities.
Which of the following statements is true concerning the consumption function?
a. It slopes upward. b. Its slope equals the MPC. c. It represents the direct (positive) relationship between consumption spending and the level of real disposable income. d. If the consumption function lies above the 45-degree line then saving is positive. e. All of these.