Industrialization in advanced economies suggests that rising productivity is responsible for
(a) a drop in the number of laborers employed in the primary sector.
(b) a smaller percentage of the total labor force working in the secondary sector.
(c) a significant rise in the number of people working in the tertiary sector.
(d) all of the above.
(d)
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If people feel optimistic about the future of the economy ________
A) autonomous consumption might increase B) autonomous investment might increase C) it might shift the IS curve to the right D) all of the above E) none of the above
A decrease in U.S. interest rates relative to Japanese interest rates will
a. decrease the supply of dollars on the foreign exchange market b. increase the demand for dollars on the foreign exchange market c. increase the supply of dollars on the foreign exchange market d. cause the value of the dollar to appreciate e. cause U.S. exports to increase