During much of the 20th century, agricultural product prices
A) rose relative to other prices.
B) fell relative to other prices.
C) neither rose nor fell relative to other prices.
D) rose as agricultural productivity increased.
B
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Refer to above figure. If manufacturing labor were to increase to OmL2, how much value would the economy as a whole gain?
What will be an ideal response?
When the rate of growth of per capita income of poorer countries is higher than that of richer countries, it leads to economic convergence
a. True b. False Indicate whether the statement is true or false
A contractionary fiscal policy shifts the aggregate demand curve
A) to the right and is used to close an inflationary gap. B) to the right and is used to close a recessionary gap. C) to the left and is used to close an inflationary gap. D) to the left and is used to close a recessionary gap.
Refer to the information provided in Figure 34.2 below to answer the question(s) that follow.
Figure 34.2Refer to Figure 34.2. The dollar is currently at Point A. An decrease in income in the U.S. causes a movement to Point
A. E. B. B. C. C. D. D.