A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a
A) simple loan.
B) fixed-payment loan.
C) coupon bond.
D) discount bond.
A
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In markets free from intervention, prices tend to move towards equilibrium because of
A) the "helping hand" of government. B) increased demand from buyers. C) increased supply by sellers. D) the unintended consequences of choices among buyers and sellers pursuing their own plans.
Explain what a black market is and how it functions. What is a black market generally a response to?
What will be an ideal response?
If S = 200, T = 700, G = 950, and NX = -200, this makes net domestic investment
A) 150. B) -150. C) 50. D) -50. E) 650.
The deficit (as a fraction of GDP) is anticipated to rise over the next several decades due to projections of
A) increased defense spending. B) increased spending on entitlements. C) increased inflation. D) decreased corporate tax revenues. E) decreased income tax revenues.