The equilibrium rate of interest is determined by
A. The U.S. Treasury.
B. The president of the Federal Reserve Bank of New York.
C. The Federal Closed Market Committee.
D. Money demand and money supply.
Answer: D
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Balance of payments accounts include
A) the net interest income account. B) the current account. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
Using the data in the above table, in the short-run macroeconomic equilibrium, the price level is ________ and the level of real GDP is ________
A) 105; $10 trillion B) 110; $10 trillion C) 110; $11 trillion D) 115; $10 trillion
For a monopolist, P < MR at all quantities
a. True b. False
Total cost is broken down into two components:
A. average cost and marginal cost. B. variable cost and marginal cost. C. variable cost and fixed cost. D. average cost and fixed cost.