Jobs in rural areas generally pay lower wages than jobs in urban areas because there are limits to labor mobility

If the MPC is 0.6, then a 50-unit rise in taxes and a 50-unit rise in government spending will shift the IS curve

a. to the right by 50 units. b. to the right by 75 units. c. to the left by 125 units. d. to the left by 75 units.

Which of the following changes would increase the present value of a future payment?

a. a decrease in the size of the payment b. a decrease in the certainty of the payment actually being received c. an increase in the amount of time that elapses before receiving the payment d. a decrease in the interest rate e. none of the above