The data in the above table show that the economy will be in a short-run macroeconomic equilibrium at a price level of

Since crowd funding sites do not themselves invest in business start ups that raise funds on their sites, they don't reduce:

A) the principal-agent problem B) information costs C) transaction costs D) asymmetric information

The output gap is

A) the difference between target output and realized output. B) the difference between initial output and final output. C) the difference between market-clearing output and actual output. D) the difference between forecasted output and past output.