1) Choose the correct
The real wage rate is the number of dollars that an hour of labor earns
The demand for labor is the relationship between the quantity of labor demanded and the money wage rate.
If there is a shortage of labor, the real wage rate rises to eliminate the shortage.
The real wage rate is the money wage rate multiplied by the price level.
2) Choose the correct statement.
A government budget deficit competes with investment for funds.
The greater U.S. net exports, the greater is U.S. investment.
All of U.S. investment is financed by U.S. national saving.
The sum of private saving and investment is called national saving.