A forestry worker who is out of work because of the temporarily low demand for wood products associated with a recession is defined as:
a. frictionally unemployed.
b. underemployed

As national income increases, consumption spending increases as well, always by the same amount. That is, as national income increases, MPC remains constant, according to

a. Duesenberry's relative income hypothesis b. Keynes's absolute income hypothesis c. Friedman's permanent income hypothesis d. Modigliani's life-cycle hypothesis e. real asset theory

Using a production possibilities curve, a technological advance that increases the amount of output for the same amount of inputs would be illustrated as

a. an inward shift of the curve. b. a movement from one point to another point along the curve. c. an outward shift of the curve. d. a movement from a point on the curve to a point inside the curve.