Demand-pull inflationary pressure increases as the economy approaches full employment
a. True
b. False
Indicate whether the statement is true or false
True
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Why did the interest rate volatility of the 1970s spur financial innovation?
What will be an ideal response?
The North American Free Trade Agreement
a. is an example of the unilateral approach to free trade. b. eliminated tariffs on imports to North America from the rest of the world. c. reduced trade restrictions among Canada, Mexico and the United States. d. All of the above are correct.
When the coupon rate on newly issued bonds ________ relative to older, outstanding bonds, the market price of the older bond ________
A) increases; falls in the secondary market B) increases; rises in the secondary market C) decreases; falls in the secondary market D) decreases; falls in the primary market
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 10%, then one can conclude that the demand for orange juice
A) is perfectly elastic. B) is inelastic. C) has a unitary elasticity. D) has a constant elasticity.