In the aggregate demand curve, the endogenous variable is ________
A) output
B) inflation
C) the real interest rate
D) real money balances
E) none of the above
A
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In the business cycle, what immediately precedes the time when real GDP is falling?
A) depression B) peak C) recession D) expansion E) trough
Which of the following is an asset for a bank?
A) shareholders' equity B) short-term borrowing C) deposits of its customers D) loans
The buyer of a $125,000 home has paid $2,000 as earnest money and has a loan commitment for 70 percent of the purchase price. The balance of the cash the buyer needs to complete the transaction is
A) $3,500. B) $35,500. C) $37,000. D) $37,500.
Refer to the information provided in Table 14.2 below to answer the question that follows. Table 14.2B's Strategy ?AdvertiseDon't Advertise??A's profit $100 millionA's profit $200 million?AdvertiseB's profit $100 millionB's profit $50 millionA's Strategy????Don'tA's profit $50 millionA's profit $75 million?AdvertiseB's profit $200 millionB's profit $75 millionRefer to Table 14.2. What is the Nash equilibrium in the game?
A. (Don't Advertise, Advertise) B. (Advertise, Don't Advertise) C. (Advertise, Advertise) D. (Don't Advertise, Don't Advertise)