The consumption schedule shows the relationship of household consumption to the level of
A. the marginal propensity to consume.
B. investment.
C. disposable income.
D. saving.
Answer: C
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Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will
A) increase. B) remain constant. C) decrease. D) not change in a way that can be predicted.
Which of the following statements is true?
a. The national debt as a percentage of GDP is greater today than during any other period in our nation's history. b. A sizeable external national debt will transfer purchasing power away from foreigners to domestic citizens. c. Keynesian theory assumes a total crowding out effect associated with deficit spending. d. U.S. national debt is 12 times its size in 1980.