The exogenous variable in the monetary policy curve is ________

A) the policy parameter, ?
B) the real interest rate
C) the autonomous component,
D) the federal funds rate
E) the inflation rate

E

Economics

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Potential GDP is defined as

A) the amount of GDP produced if there is no structural unemployment. B) the level of GDP attained when all firms are producing at capacity. C) the maximum of GDP that the economy can produce. D) the amount of GDP produced if there is no frictional unemployment.

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Knowledge capital is

A) rival. B) nonrival. C) nonexcludable. D) both B and C

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