Labor-augmenting technological advances increase the marginal productivity of labor

The multiplier measures the

A) number of steps it takes to move from one equilibrium to another. B) rise in saving resulting from a rise in income. C) marginal propensity to invest. D) rise in equilibrium GDP resulting from a one dollar rise in planned autonomous expenditures.

Inflation is defined as the sustained increase in relative prices

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