If you own a bond with a six percent coupon rate and new bonds are paying six percent, what will happen to your bond's market price?
What will be an ideal response?
It will not change.
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The American Recovery and Reinvestment Act of 2009 called for:
A. a return to the gold standard. B. reductions in government spending and tax increases. C. the purchase of assets and equity from troubled financial institutions. D. increases in government spending and tax cuts.
If a firm is a price taker, its marginal revenue is
a. equal to market price. b. less than market price. c. greater than market price. d. a multiple of market price that may be either greater than or less than one.
If a decrease in the price of a good causes a rightward shift of the demand curve for that good, then it is an inferior good
a. True b. False
The classical economists believe that prices and wages quickly adjust to keep the economy operating at full employment
a. True b. False Indicate whether the statement is true or false