The ________ is below the coupon rate when the bond price is ________ its par value
A) yield to maturity; above
B) yield to maturity; below
C) discount rate; above
D) discount rate; below
A
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If supply decreases and demand increases
A) the market clearing price definitely rises, and the equilibrium quantity falls. B) the market clearing price definitely rises, and the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
Refer to Figure a. Assuming the solid line in the graph is a constant expected consumption line where ? (the probability of state S) = 0.50, which constant expected consumption line reflects an increase in ??
A. The dotted line
B. The dashed line
C. An increase in ? does not result in a change in the expected consumption line.
D. A change in ? results in a parallel shift in the expected consumption line, so neither the dotted nor the dashed line reflects this change.
Economists are skeptical that discrimination is employer driven because
a. discrimination cannot exist in markets. b. employers are not really interested in maximizing profit. c. employers typically base wages paid on the prevailing market wage. d. holding productivity constant, a profit-maximizing employer will hire the cheapest labor available.
Which statement is false?
A. There are now nine federal personal income tax brackets. B. Most people pay more in Social Security tax than in personal income tax. C. We pay more in direct than indirect taxes to the federal government. D. None of these statements are false.