Which of the following is an exogenous variable in the Three-Sector-Model?
a. GDP price index
b. Real risk-free interest rate
c. Required reserve ratio
d. Quantity of currency per time period
e. Real GDP
.C
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Which of the products below is towards the spectrum of perfectly competitive industry?
a. Nike shoes b. Eggs c. Purdue Chicken d. Restaurants
When the Fed buys government bonds, bank reserves fall.
a. true b. false
Suppose that in 2018, the national income in the United States was $200 billion, depreciation was $15 billion, personal taxes were $20 billion, and transfer payments were $10 billion. Gross domestic product in 2018 is
A) $185 billion. B) $215 billion. C) $220 billion. D) $245 billion.
Which of the following economists did not help to develop game theory analysis?
A) Adam Smith B) John Nash C) John von Neumann D) Oskar Morgenstern