The growth-reducing effects of high public debt are transmitted entirely through high real interest rates on that debt

The sum of money spent by a person to purchase a new home is considered as a part of investment spending

a. True b. False Indicate whether the statement is true or false

When we calculate the marginal physical product of labor, we assume

a. all resources increase proportionately with the quantity of labor b. all other resources are held constant (are unchanging) c. output is fixed (unchanging) d. the wage rate is fixed (unchanging) e. the prices of all resources used in production are fixed (unchanging)