Another term for intermediaries who specialize in reducing transaction costs is

A Pareto improvement

a. cannot take place unless a side payment is made b. cannot take place unless a market is perfectly competitive c. cannot occur unless both parties to a transaction enjoy positive net benefits d. will increase the total net benefits available in a perfectly competitive market e. occurs whenever the sum of market consumer surplus and market producer surplus is positive

Given a national income of $800 billion, an MPC of 0.8, and autonomous consumption of $60 billion, what is the level of consumption spending?

a. $640 billion b. $700 billion c. $760 billion d. $800 billion e. $860 billion