When prices rise, consumers and businesses hold larger money balances. This reduces the supply of loanable funds, increases the interest rate, and discourages both consumption and investment. This process is called the:

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

A) greater than zero; increases B) greater than zero; decreases C) less than zero; increases D) less than zero; decreases

The typical 50-year-old male earns approximately ____ as a male in his early 20s

a. twice as much b. the same c. half as much d. 1/3 as much