When quantity supplied is greater than quantity demanded, the price will _____.
Fill in the blank(s) with the appropriate word(s).
fall
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The ________ of a coupon bond and the yield to maturity are inversely related
A) price B) par value C) maturity date D) term
In response to an unanticipated easing of monetary policy, the price level ________ at first, then ________ after a year
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; begins to rise D) remains roughly unchanged; begins to fall
The current account reflects
a. trade in tangible products b. trade in goods as well as services c. trade in services only d. the purchase of securities from foreigners e. the sale of securities to foreigners
Albert, Betty, Christine and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christine's roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) ____, which ____ a ____
a. public good; benefits; third party b. externality; imposes a cost on; free rider c. market failure; results from; third party d. free rider; benefits from; third party e. Externalities; benefits; third party