Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP
b. Oil prices
c. GDP price index
d. Real risk-free interest rate
e. Quantity of real credit per time period
.B
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The shareholders of a corporation
A) directly manage the corporation. B) are inside directors of the corporation. C) are only comprised of top management for a large corporation. D) elect a board of directors to represent their interests.
Federally provided agricultural subsidies in the United States have ________ with the passage of the 2002 Farm Security Act and the 2007 Food, Security, and Bioenergy Act
A) been abolished B) been maintained C) increased to the level of EU price supports D) been made a function of tax revenues
Assume that the United States levies a high tariff against Japanese steel. How is the tariff likely to affect a. U.S. steel workers? b. General Motors? c. Bethlehem Steel? d. Japanese automobile producers? e. U.S. electric utilities?
What will be an ideal response?
The marginal propensity to consume (MPC)
A. is greater than 1 only if the marginal propensity to save is greater than 1. B. shows how much of an extra dollar of real disposable income is spent. C. shows how much real disposable income changes when consumption falls. D. shows the percentage of real disposable income consumed at each level of income.