If a corporate bond with a face value of $1,000 pays yearly coupon payments of $40, what is the coupon rate?
A) 2.5%
B) 4%
C) 25%
D) 40%
Answer: B
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Suppose the market for autoworkers is initially in equilibrium, but then the demand for automobiles increases and simultaneously the automakers allow autoworkers less flexibility working at the plants. What happens in the market for autoworkers?
A) The equilibrium wage rate will increase and the equilibrium quantity of labor will increase, decrease or stay the same. B) The equilibrium wage rate will increase, decrease or stay the same and the equilibrium quantity of labor will increase. C) The equilibrium wage rate and the equilibrium quantity of labor will both decrease. D) The equilibrium wage rate will decrease and the equilibrium quantity of labor will increase.
Which of the following is a true measure of national output?
A. GNP at market price B. Nominal GNP C. GDP in future dollars D. GDP using base-year prices
Which of the following would most likely cause a rightward shift in an economy's aggregate supply curve?
A) An increase in interest rates B) A tax increase of 50 cents per gallon for gasoline C) An across-the-board reduction of wages in the manufacturing sector D) The passage of legislation mandating a reduction in automobile pollution E) The shutdown of plants and movement of production of goods abroad
Who believes that two-income families today are worse off than their one-income counterparts were in the 1970s?
A. Barbara Ehernreich B. Beth Schulman C. Elizabeth Warren and Amelia Warren Tyagi D. Jose Conseco