Once the problem of subsistence food growing had been solved, regional growth resulted in which of the following?
(a) Balanced growth across all sectors of the economy
(b) Increased import growth and decreased export growth
(c) Developed export activity
(d) Faltering secondary industrial growth
Question 2
In the classical model, a rise in the marginal income tax rate would
a. cause the price level to rise and the level of real output to fall.
b. cause the price level and the level of real output to both fall.
c. cause the price level to rise with no effect on real output.
d. leave both real output and the price level unchanged.
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