What is meant by accommodation?
A central bank is said to accommodate an adverse supply shock if it raises the money supply growth rate in response.
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You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?
a. $5,295.43 b. $9,070.30 c. $10,000.00 d. $20,000.00 e. $100,000.00
Discuss the pros and cons of oligopoly from the perspective of U.S. society.
What will be an ideal response?
Explain the difference between comparative advantage and absolute advantage. Give an example of each.
What will be an ideal response?
Mary says, "You would have to pay me $50 to attend that pro wrestling event." For Mary, the marginal utility of the event is:
A. zero. B. positive, but declines rapidly. C. negative. D. positive, but less than the ticket price.