"Medium term notes" have a maturity ranging up to
A) one year.
B) two years.
C) five years.
D) ten years.
C
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Tammy installed a set of wind chimes in her backyard. She enjoys listening to the musical tones when the breeze hits them. Her neighbor Steven also enjoys the chimes, but her other neighbor Sally hates the constant noise. Tammy's wind chimes:
a. create a negative externality for Steven and a positive externality for Sally. b. are not related to the issue of property rights since all parties are homeowners. c. are an example of an efficient market since the benefits to one party are balanced by costs to another party. d. are a public good because all three parties can hear the wind chimes. e. create a positive externality for Steven and a negative externality for Sally.
A decrease in income will lead to an increase in the demand for an inferior good.
Answer the following statement true (T) or false (F)
The market clearing price of computer modems has just decreased. Which of the following could have caused this change?
A. an increase in demand with supply unchanged B. a decrease in supply at the same time that demand increases C. an increase in supply at the same time that demand decreases D. a decrease in supply with demand unchanged
Assume that the nominal GDP for a given year is equal to $12,400 billion and the GDP deflator equals 112. Real GDP for that year is approximately
A. $12,228.1 billion. B. $12,512.0 billion. C. $13,888.0 billion. D. $11,071.4 billion.