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Author Question: Which of the following variables is fixed in the aggregate expenditure model? A) output B) real ... (Read 84 times)

codyclark

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


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