Which of the following statements about markets is correct? I. A market helps resources move to their highest-valued uses by means of prices changes. II. A market represents the exchanges of both buyers and sellers

Monetarists have argued that since velocity __________, this shows that shifts to the investment demand function must __________

A) is rather stable; cause the private economy to be unstable B) is rather stable; be offset by interest rate changes C) moves counter-cyclically; cause the private economy to be unstable D) moves counter-cyclically; be offset by interest rate changes

Extensive growth is driven by

A) very high savings rates. B) rapid capital accumulation. C) improved multifactor productivity. D) A and B. E) all of the above.