Justin borrows $1000 from Dexter.  Dexter wants to make a 5% real return (real interest rate) on his money, so they both agree on a 5% nominal interest rate paid next year. Both do not anticipate the 3% inflation next year. In this case,

Refer to Table 2. In this economy, a contraction existed around the _________.

If nominal GDP is $20 trillion and real GDP is $12.5 trillion, the GDP deflator is _______. 

Essay Question 2.b Refer to Table 4. Assume year 2 is the base year (that means the price in year 2 is the constant price). Compute this economy’s real GDP in years 1.

__________ defended the economic concept of “market clearing”. 

The study of how benefits are determined for city employees would be considered

Refer to Table 1. This market will be in equilibrium if the quantity of cheeseburgers demanded is _________.

If you can buy 9 books for $126 or you could buy 10 books for $130, then the marginal cost of the tenth book is:

Refer to Table 1. At the equilibrium level of income, leakages equal ________ billion.

Refer to Table 3. If the exchange rate is $1 = 3 euros, then