In the Solow growth model, if the level of investment is greater than depreciation at the initial capital-labor ratio , then ?k is ________ and the capital-labor ratio ________ toward the steady-state capital-labor ratio

Money's function as a medium of exchange means that

A) money is a common denominator for expressing the prices of goods and services. B) money can be used to store wealth. C) money serves as an acceptable means of payment. D) money requires a double coincidence of wants.

Which of the following changes will shift the money demand rightward?

a. An increase in the price level b. A decrease in real GDP c. A decrease in the nominal interest rate d. An increase in the nominal interest rate e. A decrease in the price level