Traditionally, bonds have been issued with coupons that bondholders redeem every
A) year.
B) quarter.
C) six months.
D) month.
C
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An unexpected increase in aggregate demand
A) causes the price level to fall and the unemployment rate to rise. B) causes the price level to fall and the unemployment rate to fall. C) causes the price level to rise and the unemployment rate to rise. D) causes the price level to rise and the unemployment rate to fall.
A monopolist is best described as a price
A. taker. B. searcher. C. maker. D. follower.
Which of the following statements is correct?
a. Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers. b. Monopolistic competition is similar to perfect competition because both market structures are characterized by differentiated products. c. Monopolistic competition is similar to oligopoly because both market structures are characterized by strategic interaction between firms in the market. d. Monopolistic competition is similar to perfect competition because both market structures are characterized by perfectly elastic demand curves for firms.
Which of the following comparisons best illustrates a compensating differential?
a. John's wage is higher than Jane's because the value of John's marginal product is higher than Jane's. b. Karl's wage is higher than Kay's because Karl is very personable, and Kay is very gruff. c. Beth's wage is higher than Bill's because Beth's job may cause long-term health problems, and Bill's job will not impair his health. d. All of the above are good illustrations of compensating differentials.