If the savings rate in an economy is 30%, and the GDP of the economy is $1,000, then the level of investment in the economy will be:

Which of the following creates job rationing?

A) The real wage rate is below the equilibrium level. B) The real wage rate is equal to the equilibrium level. C) An increase in unemployment benefits. D) The real wage rate is above the equilibrium level. E) Job search decreases.

Using the quantity equation, the demand for money can be expressed as

A) M=(V x Y)÷P. B) M =(P x Y)÷V. C) M = (P x V) ÷ Y. D) M x V=(1/P)V x Y.