The endogenous variable in the aggregate demand curve is ________
A) the real interest rate
B) output
C) inflation
D) planned expenditure
E) none of the above
B
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The required reserve ratio is 10 percent, and the potential change in demand deposits is $100 million. What are original excess reserves?
A) $10 million B) $100 million C) $1 million D) $1 billion
Market power may result from all of the following except
A. Efficiencies of large-scale production. B. Control of resources. C. Patents and copyrights. D. Low barriers to entry.
The interest rate is 4 percent in the U.K. and 3 percent in the U.S. for 90 days. The current spot rate is $2.00/£ and the forward rate is $1.96/£. If a U.S.-based investor expects the spot rate to remain at $2.00/£ in 90 days, the expected uncovered interest rate differential would be ________ in favor of the ________ investment.
A. 2%; dollar B. 2%; pound C. 1%; pound D. 1%; dollar
The primary function of the SNAP program has been to provide subsidies for grocery purchases for low-income families.
Answer the following statement true (T) or false (F)