Based on past experience, if a country is experiencing hyperinflation, then which of the following would be a reasonable guess?
a. The country has high money supply growth.
b. Inflation is acting like a tax on everyone who holds money.
c. The government is printing money to finance its expenditures.
d. All of the above are correct.
d
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The coupon rate on newly issued bonds is usually higher for bonds with ________ terms and ________ risk that the borrower will go bankrupt.
A. shorter; greater B. shorter; smaller C. longer; smaller D. longer; greater
In the above figure, if this natural monopolist were unregulated, the profit maximizing firm would sell the product at the price
A) A. B) B. C) C. D) F.
The Pat Summerall School of Diction is employing teachers such that the marginal revenue product of teachers exceeds the wage rate. The school will
a. reduce its demand for teachers b. lay off teachers c. be losing money from those teachers employed d. hire more teachers e. increase the price of diction classes
If expectations about the future don't change at all, then an economic downturn will generally:
A. increase savings at a given interest rate and shift the supply curve for loanable funds to the right. B. decrease savings at a given interest rate and shift the supply curve for loanable funds to the right. C. decrease savings at a given interest rate and shift the supply curve for loanable funds to the left. D. increase savings at a given interest rate and shift the supply curve for loanable funds to the left.