John Maynard Keynes explained that the consumption function is a major component of the aggregate expenditures model

The ________ is referred to as future value

A) product of interest payments and principal B) ratio of interest payments to principal C) ratio of principal to interest payments D) sum of interest payments and principal

If a college degree is used to signal high ability, but the cost of a college degree is relatively high,

A) a separating equilibrium is achieved. B) a pooling equilibrium is achieved. C) even low-ability workers will attend college. D) the share of high-ability workers must be 1.