The long-run average change in real GDP is known as

When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?

a) supply and demand b) excess demand c) equilibrium d) price floor

Suppose the money supply is set to grow at 12%, real GDP grows at 4%, and the nominal interest rate on Aaa corporate bonds is 10%

Using the quantity theory of money and the Fisher equation, the expected real interest rate on Aaa corporate bonds should average A) -2%. B) 2%. C) 6%. D) 7%.