When two variables move in the same direction, the curve relating them is downward sloping, and we say the variables are negatively related
a. True
b. False
Indicate whether the statement is true or false
False
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When actual inflation is less than expected inflation,
A) borrowers lose and lenders gain. B) borrowers gain and lenders lose. C) borrowers and lenders both lose. D) borrowers and lenders both gain.
When a government defaults on its obligations, the event is called a
A) sovereign default. B) magisterial default. C) private default. D) sudden stop default. E) national default.
Banks develop statistical models to calculate their maximum loss over a given time period. This approach is known as the
A) stress-testing approach. B) value-at-risk approach. C) trading-loss approach. D) doomsday approach.
When marginal cost is increasing, average total cost must be increasing
a. True b. False Indicate whether the statement is true or false