At the end of the 18th century, approximately _______ percent of the American people earned a major portion of their income by farming

______________ are present if it is cheaper for one firm to produce products jointly than it is for separate firms to produce the same products independently

Fill in the blank(s) with the appropriate word(s).

A relatively steep LM curve implies that wide fluctuations in the goods sector cause

A) wide fluctuations in real output. B) wide fluctuations in the price level. C) wide fluctuations in the interest rate. D) crowding out of private investment.