The entity that purchases a bond is called the
a. debtor
b. creditor
c. bond-purchasing agent
d. bond licensee
e. c and d
e. c and d
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Which of the following correctly identifies a method to restore an economy to full employment, if it is operating below full employment due to a decrease in net exports?
A) Reduce the interest rate. B) Increase the real exchange rate. C) Reduce the investment in the economy. D) Reduce the demand for goods and services in the economy.
If the slope of a demand curve is equal to -0.1 then
A) the demand is elastic at low prices and inelastic at high prices. B) as price increases by 10 percent quantity demanded decreases by 1 percent. C) we don't know whether the demand is elastic or inelastic. D) demand is inelastic.
If consumers' expectations about future income are very optimistic, then we should expect
a. the consumption function to shift downward. b. consumers to move up along the consumption function. c. the consumption function to shift upward. d. consumers to move down along the consumption function.
The sum of capital inflows and the trade balance must be zero
a. True b. False Indicate whether the statement is true or false