The arithmetic difference between the nominal rate of interest and the expected rate of inflation is the
a. expected interest rate.
b. real interest rate.
c. implied interest rate.
d. contractual interest rate.
b
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Suppose a trademark's owner has successfully proven in court that an infringer has illegally infringed on the trademark. If the infringer has earned $9 million in profit as a result of illegally infringing on the trademark and the trademark's owner has suffered $2 million in damages, the trademark's owner will be awarded ________.
A) $11 million B) $9 million C) $7 million D) $2 million
The proposition that the Fed should concentrate on price stability rather than reducing unemployment is
a. generally accepted by politicians, although few economists accept this proposal. b. largely accepted by most economists, although politicians do not agree. c. highly debatable, because many do not agree that price stability should be the most important goal. d. simply incorrect, and no one accepts this idea anymore.
Which of the following is NOT a characteristic of a monopoly?
A. There is only one seller. B. A monopolist is a price-taker. C. There exist barriers to entry. D. A monopolist's sales revenue is constrained by the market demand.
If you own a bond with a seven percent coupon rate and new bonds are paying five percent, what will happen to your bond's market price?
What will be an ideal response?