Over the past two decades, the U.S. has persistently exported more goods and services than it has imported

The rate of growth in GDP affects agriculture

A) Has a major effect on agriculture because people need to eat. B) Has a minimal effect on agriculture because more consumers eat away from home. C) Has a major effect on agriculture because of the high income elasticity for agricultural products. D) Has a minimal effect on agriculture because of the low income elasticity for agricultural products.

The position of the? long-run aggregate supply curve is determined by

a. the production possibilities curve. b. the interest rate effect. c. the long-run aggregate demand curve. d. the open economy effect.