Sally lost her job when her company went out of business because ...

[wenmo]

Sally lost her job when her company went out of business because of a recession. This is an example of:
 a. frictional unemployment.
  b. structural unemployment.
  c. cyclical unemployment.
  d. technological unemployment.

Question 2

If your income increases from 40,000 to 48,000 and your consumption increases from 35,000 to 39,000 . your marginal propensity to consume (MPC) is:
 a. 0.20.
  b. 0.40.
  c. 0.50.
  d. 0.80.
  e. 1.00.

[cadimas]

Answer to Question 1

c

Answer to Question 2

c

[wenmo]

Thanks for the timely response, appreciate it

[Liddy]

Excellent