What do steep upward-sloping yield curves indicate about the business cycle?
What will be an ideal response?
A steep upward-sloping yield curve indicates that a recession has ended and an expansion has just begun. At such a time, people expect short-term interest rates to begin rising. Because of this expectation and because of the term premium, long-term interest rates should be greater than short-term interest rates.
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Parties with whom an agent has direct dealings must be given direct notice of the termination of an agency
Indicate whether the statement is true or false
Purchase of a manufacturer’s finished product represents?
a. Independent demand b. Associated demand c. Dependent demand d. Restricted demand
Which of the following would be included as manufacturing overhead for a manufacturing company?
A) direct materials cost B) indirect materials cost C) direct labor D) advertising
The Ohio state legislature passes a law to regulate local delivery services. The final authority regarding the constitutionality of this law is
A. the judicial system. B. the president of the United States. C. the governor of Ohio. D. the U.S. Congress.