If there were no racial discrimination in the labor market, blacks, Hispanics, and whites with equal education should command approximately equal incomes

Indicate whether the statement is true or false

T

Economics

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Assume that Frantek Bass has an MPC equal to 0.80 . If he normally earns $50,000 per year, but is laid off for part of 2000 and only earns $30,000 . his saving for 2000 . according to Milton Friedman, will be

a. $24,000 b. $10,000 c. $6,000 d. –$6,000 e. –$10,000

Economics

Which of the following equations is correct?

A) Saving = Disposable income + Consumption B) Saving = Disposable income x Consumption C) Disposable income = Consumption - Saving D) Saving = Disposable income - Consumption

Economics