A decrease in the personal income tax rate ________ disposable income which ________ consumption

Technological progress occurs when the economy gets more output

A) without any more capital or labor. B) by using more capital but not more workers. C) by using more capital per worker. D) by using more labor but not more capital.

In the open-economy macroeconomic model, if the supply of loanable funds increases, then the interest rate

a. and the real exchange rate increase. b. and the real exchange rate decrease. c. increases and the real exchange rate decreases. d. decreases and the real exchange rate increases.