If the economy's real GDP doubles in 8 years, we can
A. conclude that its average annual rate of growth is 9%.
B. conclude that its average annual rate of growth is 12%.
C. conclude that its average annual rate of growth is 8%.
D. not say anything about the average annual rate of growth.
Answer: A
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If the expected return on bonds increases, all else equal, the demand for bonds increases, the price of bonds ________, and the interest rate ________
A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases
If the price of ground beef falls, the demand for hamburger buns will
a. increase because the two goods are substitutes b. decrease because the two goods are complements c. decrease because the two goods are substitutes d. increase because the two goods are complements e. not change unless the price of hamburger buns also changes
A tax on golf clubs will cause buyers of golf clubs to pay a higher price, sellers of golf clubs to receive a lower price, and fewer golf clubs to be sold
a. True b. False Indicate whether the statement is true or false
Explain why most retired individuals are not likely to be heavily invested in municipal bonds.
What will be an ideal response?