Interest rates spreads between corporate and government bonds ________
A) are procyclical
B) have the same characteristics as the government interest rate spreads
C) are countercyclical
D) all of the above
E) none of the above
C
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Which of the following is TRUE?
A) Child labor is most common in urban areas. B) Child labor is most common in the textile industry. C) Child labor is most common in production aimed at export markets. D) If child labor were stopped, families would have greater economic success. E) Agriculture is the main industry using child labor.
Consider the above figure. At income level Yd = $110, the APS is equal to
A. 0.64. B. -0.36. C. 1.10. D. 0.32
The difference between the equivalent variation and compensating variation is greater for goods with large income elasticities
Indicate whether the statement is true or false
A recessionary gap causes national debt to increase because
a. the growth in GDP slows. b. interest on previously incurred debt must be paid. c. recessionary periods require huge buildups of defense materials. d. income tax receipts drop off markedly.