A gift from the British prime minister to the American president would be classified as a _____ in the balance of payments account

Which of the following will result in an increase in labor productivity?

A) a decline in the capital stock per hour worked B) a decline in the amount of human capital per worker C) an increase in technology D) a decrease in the number of people attending institutions of higher education

In Figure 15-2 above, the difference between consumption levels at point A and point B is equal to

A) the long run MPC times the change in disposable income. B) the short run MPC times the change in disposable income. C) (Y0 - Y2 ) times the short run change in income. D) the long run change in income times (Y0 - YP).