The steel plow and horse-drawn reaper increased labor productivity on all farms, small and large
Indicate whether the statement is true or false
True
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Why do current account deficits always match financial account inflows?
What will be an ideal response?
All of the following are true statements about the multiplier except
A) the multiplier effect occurs when autonomous expenditure changes. B) the multiplier is a value between zero and one. C) the smaller the MPS, the larger the multiplier. D) the multiplier rises as the MPC rises.
All of the following will cause an outward shift of the investment function EXCEPT
A) innovation that improves production efficiency at every level of output. B) a reduction in business taxes. C) business people becoming optimistic about the future. D) a decrease in the interest rate.
A debit item on the U.S. balance of payments is any transaction that
a. results in a loss by U.S. sellers. b. results in a loss by U.S. buyers. c. makes foreigners use up their holdings of U.S. dollars. d. makes U.S. dollars available to foreigners.