A perpetuity is
a. a financial intermediary that has existed throughout recorded history.
b. an instrument of equity finance.
c. a stock that pays dividends forever.
d. a bond that pays interest forever.
d
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Economic growth refers to an increase in:
A) tax rates. B) prices. C) GDP per capita. D) population.
The aggregate demand curve shifts when any of the following factors change EXCEPT
A) monetary policy. B) fiscal policy. C) the price level. D) expectations about the future. E) foreign income.
The branch of economics which studies how households and firms interact in markets is called
A) macroeconomics. B) positive economics. C) normative economics. D) microeconomics.
A successful cartel may end up charging the ____ price and obtaining ____ profits
a. monopolistic competition; zero economic b. oligopoly; monopoly c. monopoly; zero economic d. monopoly; monopoly