The increase in the productivity of U.S. farmers has caused:

A. More people to be attracted to farming

B. A decrease in the size of the average farm

C. A reduction in the number of people in farming

D. A reduction in the surpluses produced by farmers

C. A reduction in the number of people in farming

Economics

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The maximum amount a person is willing to pay today to receive a payment in the future is known as

A) nominal interest. B) present value. C) retained earnings. D) real interest.

Economics

Using the long-run ISLM model, explain and demonstrate graphically the neutrality of money, for the case of an increase in the money supply

What will be an ideal response?

Economics