Agriculture productivity has increased more rapidly in the U.S. than has nonagriculture productivity

Robert Lucas, a Nobel laureate in economics, argues that there are increasing returns to

A) knowledge capital. B) human capital. C) physical capital. D) financial capital.

A reduction in expected inflation will result in all of the following EXCEPT:

A) lower nominal interest rates B) lower real interest rates C) reduced demand for bonds D) increased supply of bonds