The following facts apply to a small, imaginary economy • Consumption spending is $6.720 when income is $8,000. Consumption spending is $7,040 when income is $8,500. Refer to Scenario 34-2. The marginal propensity to consume for this economy is Select one: a. 0.83 O b. 0.64. C. 0.56. O d. 0.840. To decrease the money supply, the Fed can Select one: a. sell government bonds or decrease the discount rate O b. buy government bonds or increase the discount rate c. buy government bonds or decrease the discount rate d. sell government bonds or increase the discount rate $ Wage 2 4 6 8 10 12 14 16 18 20 Employment 1,000's Refer to Figure 28-4. If the government imposes a minimum wage of $8, how many workers will be unemployed? Select one: O a. 8,000 b. 4,000 O CO O d. 2,000
