Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as
A) municipal bonds.
B) Yankee bonds.
C) "fallen angels."
D) junk bonds.
D
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In broad terms the difference between microeconomics and macroeconomics is that
A) they use different sets of tools and ideas. B) microeconomics studies decisions of individual people and firms and macroeconomics studies the entire national economy. C) macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not. D) microeconomics studies the effects of government taxes on the national unemployment rate.
An increase in interest rates causes that nation to experience an outflow of financial capital and causes its currency to depreciate
Indicate whether the statement is true or false
One strategic barrier that may keep new firms out of a market is
a. producing where marginal cost equals marginal revenue b. a low minimum efficient scale c. bounded markup pricing d. efficiency wages, which may make it impossible for new entrants to compete profitably e. excess capacity, which may serve as a signal to new entrants to stay away
Velocity can be calculated as the ratio of the value of transactions to
a. the price level. b. level of real GDP. c. the money stock. d. the inflation rate.