According to John Maynard Keynes,
a. the demand for money in a country is determined entirely by that nation's central bank.
b. the supply of money in a country is determined by the overall wealth of the citizens of that country.
c. the interest rate adjusts to balance the supply of, and demand for, money.
d. the interest rate adjusts to balance the supply of, and demand for, goods and services.
c
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When the quantity of labor demanded exceeds the quantity of labor supplied, the real wage rate
A) rises to eliminate the labor-market shortage. B) falls to eliminate the labor-market surplus. C) rises to eliminate the labor-market surplus. D) falls to eliminate the labor-market shortage.
If gross investment in 2016 is $750 billion and depreciation in 2016 is $850 billion, net investment in 2016 is
A. -$50 billion. B. -$100 billion. C. -$800 billion. D. -$1,600 billion.