Ceteris paribus, an increase in the government budget deficit increases interest rates in the United States and causes a real appreciation of the dollar

Leisure time is not subject to diminishing marginal utility

a. True b. False

During the last two centuries, the average rate of growth of GDP per capita in the leading industrialized countries has averaged about _________ per year.

A. 2% B. 12% C. 22% D. 32%