The coupon equivalent yield on a three-month Treasury bill that has a $1,000 face value and a purchase price of $985 is
A) 6.1 percent.
B) 6.5 percent.
C) 7.2 percent.
D) 1.5 percent.
A
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As a result of the recent financial crisis, some analysts believed that the MPC in the U.S. declined. If this is true, the value of the multiplier is now
a. smaller. b. larger. c. the same. d. magnified to a larger amount.
In a market economy, the allocation of the quantity supplied of any good among demanders is determined by
a. the needs of the individuals. b. the sellers. c. the market price. d. government regulations. e. a random process.
If the existence of alternative opportunities makes people become less willing to work in poultry processing plants, then the real wage of unskilled workers in poultry processing plants is predicted to ________ and the employment of unskilled workers in poultry processing plants is predicted to ________.
A. increase; decrease B. decrease; decrease C. increase; not change D. increase; increase
In order to consider the equation of exchange an economic model, what must we assume?
A. Real GDP is a constant value. B. Changes in GDP cause changes in the money supply. C. The money supply is constant. D. Changes in velocity are small and predictable.