The lowest rating for an investment grade bond assigned by Moody's is:

A. BBB.
B. Aa.
C. A.
D. Baa.


Answer: D

Economics

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The long-run Phillips curve:

a. is downward sloping. b. is upward sloping. c. shows there is no tradeoff between unemployment and inflation. d. is horizontal at the natural rate of inflation.

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The Bureau of :Labor Statistics has been compiling an experimental CPI for the elderly, called CPI-E

a. True b. False

Economics

Inflation refers to an increase in the

a. price level. b. rate of inflation. c. total income. d. real GDP.

Economics

Which of the following terms might a behavioral economist use to describe a racetrack bettor who believes that if he bets on the horse with the longest odds every race, he will maximize his winnings?

a. fair b. overconfident c. rational d. selective

Economics