Spending by consumers on consumption goods, spending by businesses on investment goods, spending by government, and spending by foreigners on net exports make up
a. disposable national income
b. the equilibrium economy
c. aggregate supply
d. aggregate expenditure
e. discretionary spending
D
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Black-market prices are below equilibrium prices because sellers want to sell large quantities.
Answer the following statement true (T) or false (F)
If the payment stream of a bond remains the same and the price of the bond goes down, the
A) effective yield is unchanged. B) effective yield rises. C) effective yield decreases. D) bond is reissued to reflect the higher interest rate. E) bond is reissued to reflect the lower interest rate.
Explain the difference between a pension fund that is a defined-contribution plan from one that is a defined-benefit.
What will be an ideal response?
Which of the following would shift the supply curve for a good to the left?
a. an increase in the price of that good b. a decrease in the price of an alternative good c. an improvement in technology for producing that good d. an increase in the cost of an important resource used to make that good e. an increase in the number of producers