Which of the following are endogenous variables within the classical model?
a. output
b. technology
c. quantity of money
d. level of capital
e. a, b, and d
Question 2
If Md = 1,000 400r and Ms = 2,000, the MPC = .85, G=100, and T = 120, then the equilibrium interest rate is
a. 2.5
b. 5
c. 10
d. 20
e. not enough information was given.