Compared with a U.S. Treasury note, a corporate bond is likely to have a
A) wider bid-asked spread.
B) narrower bid-asked spread.
C) higher bid price.
D) higher asked price.
A
Economics
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The demand curve facing a monopolistic competitor is
a. a horizontal line at the market price b. upward sloping c. perfectly elastic d. perfectly inelastic e. downward sloping
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In the long run, an entrepreneur who owns a perfectly competitive firm will earn no income from that firm
a. True b. False
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Aggregate demand will decrease when there are
A. decreases in government spending. B. increases in consumer and business confidence. C. increases in inflationary expectations. D. decreases in the price level.
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