If aggregate spending in an economy can be written as Y = 15,000 + 0.6Y - 20,000r, and potential output equals 36,000, what real interest rate must the Federal Reserve set to bring the economy to full employment?

Equilibrium price is the price at which the quantity of a product demanded by consumers and the quantity supplied by producers

a. are different b. are equal c. is higher for the product demanded d. is higher for the product supplied

You just purchased a lawn mower from your next-door neighbor. How can we measure the gains from this transaction?

A. The actual benefit that you receive plus the actual benefit to your neighbor B. The gains to your neighbor minus the amount that you paid her C. The gains to you minus the amount that your neighbor paid for the mower D. The gains to you cancel out the gains received by your neighbor E. Just the benefit to your neighbor