In Figure 4.4, supply is perfectly elastic in graph:
A. A.
B. B.
C. C.
D. D.
Answer: B
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Another name for a consol is a ________ because it is a bond with no maturity date. The owner receives fixed coupon payments forever
A) perpetuity B) discount bond C) municipality D) high-yield bond
Opportunity costs arise in production because
a. resources are unlimited b. resources must be shifted away from producing one good in order to produce another c. wants are limited in society d. monetary costs of inputs usually outweigh non-monetary costs e. the monetary costs of only a few resources are zero
The Fed has been able to achieve a zero rate of inflation throughout most of the 1990s
a. True b. False
In 2010, the debt-to-GDP ratio increased to roughly the same ratio as the 1990s
a. True b. False Indicate whether the statement is true or false