If income rises, most consumers will increase the quantity demanded of an inferior good.
Answer the following statement true (T) or false (F)
False
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All else equal, a major paper manufacturer filing for bankruptcy and shutting down as a result of an IRS tax evasion investigation would cause a move from
a. SA to SB. b. y to x. c. x to y. d. SB to SA.
Assume a consumption function of C = 90 + .75Y. The saving function for this economy is equal to
A) 90 + .25Y. B) -90 + .75Y. C) -90 + .25Y. D) 90 + .75Y.
For how many years does a Federal Reserve governor serve on a term?
a. 7 b. 10 c. 12 d. 14
You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?
a. $5,295.43 b. $9,070.30 c. $10,000.00 d. $20,000.00 e. $100,000.00