The difference between government receipts and government expenditures is called a _____
a. loss
b. shortfall
c. deficit
d. debt
c
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Bonds with relatively low risk of default are called ________ securities and have a rating of Baa (or BBB) and above; bonds with ratings below Baa (or BBB) have a higher default risk and are called ________
A) investment grade; lower grade B) investment grade; junk bonds C) high quality; lower grade D) high quality; junk bonds
Over time, the consumer basket of a base year becomes increasingly more representative of the things consumers buy
Indicate whether the statement is true or false
Which of the following was not a factor that contributed to improved productivity from 1995 to 2009?
a. surging investment b. falling energy prices c. advances in information technology d. decreased costs for higher education
The demand curve for coffee shifts
a. only when income changes. b. when a determinant of the demand for coffee other than the price of coffee changes. c. when the price of coffee changes. d. Both b and c are correct.