Saltbricks will be considered as money if they are generally acceptable to sellers in exchange for goods and services
a. True
b. False
Indicate whether the statement is true or false
True
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If the natural rate of unemployment equals 6 percent and the actual rate of unemployment equals 5 percent, then cyclical unemployment equals:
A. 11 percent. B. -1 percent. C. 1 percent. D. -1.2 percent.
If short-term government bond rates were indexed
A) such bonds would be a poor hedge against inflation. B) banks and saving and loan institutions would likely lose deposits. C) the government would gain from the implied inflation tax. D) the government would gain from the implied inflation subsidy.
If neither firm has a dominant strategy, a Nash equilibrium cannot exist
Indicate whether the statement is true or false
A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the bond buyer receives $750 from the issuer of the bond. The yield on the bond is
A) 8.04 percent. B) 7.5 percent. C) 10.0 percent. D) 6.75 percent. E) There is not enough information to answer the question.