In general, the yield curve is:
A. shaped like a mountain.
B. upward sloping.
C. flat.
D. downward sloping.
Answer: B
You might also like to view...
Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them. B) not all goals are desirable. C) we cannot answer the major economic questions. D) choices made in self-interest are not always in the social interest. E) the population keeps growing.
According to Alan Greenspan, the type of inflation that the Taylor Rule is best at addressing is
A) asset-price inflation B) product-price inflation C) both asset-price and product-price inflation D) demand-induced-one-shot inflation E) supply-induced one-shot inflation
Michelle transfers $4,000 from her savings account to her checking account. What effect is this change likely to have on M1 and M2?
A. M2 increases and M1 stays the same. B. M1 decreases and M2 increases. C. M1 increases and M2 stays the same. D. M1 increases and M2 decreases.
The concept that "there is no free lunch" reflects the notion that:
a. the benefit of certain "free" goods only accrues to society. b. unlimited resources are used to produce so-called "free goods" that are given up in order to produce the aforesaid "free" goods. c. scarce resources are used to produce so-called "free goods" that have alternative uses that are given up. d. even if your friend pays for your lunch, you'll have to repay the favor at a later time.