If the marginal propensity to consume (MPC) is 0.75 and there is an increase in planned investment spending of $0.5 trillion, then saving will

As recessions begin, employment

a) rises and income falls. b) falls and income rises. c) and income both fall. d) and income both rise.

The economy is considered to be at full employment when

a. structural unemployment is zero b. frictional plus structural unemployment is less than the natural rate c. the leading economic indicators are unchanged for two consecutive quarters d. the actual rate of unemployment equals the natural rate e. the unemployment rate is zero