Which of the following variables is fixed in the aggregate ...

[codyclark]

Which of the following variables is fixed in the aggregate expenditure model?
 
  A) output
  B) real GDP
  C) consumption
  D) investment
  E) price level

Question 2

Assume you have a credit card balance of 2,000 at 15 percent and the inflation rate is 3 percent. What are the nominal and real interest rates?
 
  A) 15 percent nominal and 12 percent real
  B) 12 percent nominal and 15 percent real
  C) 15 percent nominal and 3 percent real
  D) 3 percent nominal and 12 percent real
  E) 15 percent nominal and 18 percent real

[mjbamaung]

Answer to Question 1

E

Answer to Question 2

A