Data on output and aggregate expenditure in Macroland are given below.Output(Y)Aggregate Expenditure2,0002,3003,0003,2004,0004,1005,0005,0006,0005,900Based on these data, the short-run equilibrium level of output is:

The issue of the separation of ownership and control is concerned with the fact that:

A. many small proprietorships are actually controlled by large corporations. B. major decisions in large corporations are generally made by professional managers rather than the owners of the corporation. C. most farms are owned by landlords who do not live on the farms. D. politicians pass laws to control corporations, but since corporations cannot vote, they cannot protest such control.

If the nominal interest rate is 2 percent and the anticipated inflation rate is 6 percent, then

A. the real interest rate is -8 percent. B. the real interest rate is -4 percent. C. the real interest rate is 8 percent. D. the real interest rate is 4 percent.