Suppose that a consumer has a marginal propensity to consume of 0.8. If this consumer receives an extra €2 of disposable income, her saving would be expected to increase by

Refer the above figure. An increase in labor productivity is likely to stimulate and shift the labor demand curve to

A) the right and hence increase union wages per year. B) to the left and hence increase union wages per year. C) the right and hence lower union wages per year. D) None of the above is likely to happen.

What is an insurance premium?