An investor wishing to minimize the risk of capital losses as a result of changing interest rates should avoid
A) U.S. savings bonds.
B) U.S. Treasury notes.
C) U.S. Treasury bills.
D) U.S. Treasury bonds.
D
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Which of the following utility comparisons would a traditional economist make?
a. Priya gets twice as many utils from eating almonds as Mateo does. b. Aponi gets the same number of utils from eating cashews as Priya gets from eating almonds. c. Almonds have more utils than cashews because of the health benefits. d. Mateo likes walnuts and cashews equally, so he gets the same number of utils from both.
Which panel of Figure 3.3 represents the changes in the market for student housing when university enrollment increases and at the same time the university destroys several older residence halls and apartment buildings?
A. A. B. B. C. C. D. D.
Figure 9.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. If buyers believe that 50% of the used bikes are lemons (low quality), how much will they be willing to pay for a used bike?
A. $50 B. $80 C. $125 D. $200
What will be the result in a growing economy if increases in aggregate demand outpace rightward shifts of the long-run aggregate supply curve?
A. inflation accompanied by increases in real GDP B. secular deflation C. a decline in consumption spending D. inflation accompanied by declines in real GDP