The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. The short-run macroeconomic equilibrium is a price level of ________ and a real GDP of ________

In building an economic model, variables that will be explained by the model are referred to as ________ variables

A) exogenous B) endogenous C) fluctuating D) demonstrative

Kurt Gerdenich receives a consumer surplus while buying eggplants at the farmer's market if

a. the value he places on the eggplants is less than their price b. he gets a higher total utility from buying eggplants than from buying any other good c. the price of eggplants is less than the price of other goods that he values the same as eggplants d. only a few eggplants are available for sale e. the value he places on eggplants is greater than their price