Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP
b. GDP price index
c. Required reserve ratio
d. Quantity of real credit per time period
e. Quantity of currency per time period
.C
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The aggregate demand curve illustrates that, as the price level rises
A) the quantity of real GDP demanded increases. B) the quantity of real GDP demanded decreases. C) the AD curve shifts rightward. D) the AD curve shifts leftward.
The process of building up capital includes
a. acquiring funds from banks and other sources. b. use of borrowed funds to hire inputs to build factories, warehouses, etc. c. completion of the investment process by adding machinery and inventory. d. All of the above are correct.
If the demand curve for bologna shifts to the right as income falls then bologna is a(n):
A. normal good. B. substitute good. C. inferior good. D. complementary good.
There exists asymmetric information in a market:
A. if both sides of the market have the same information about the good. B. only if buyers have better information about the good than sellers. C. only if sellers have better information about the good than buyers. D. if either buyers or sellers have better information than the other group.