The curve most economists use to follow the relationship between the interest rates and bonds' time to maturity is the:
A. demand of money curve.
B. yield curve.
C. effective supply of money curve.
D. aggregate demand curve.
Answer: B
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Of the following, who is permitted to purchase property in California without court approval?
a. Convicts b. Minors c. Incompetents d. Foreign persons (aliens)
Monopolistic competition is different from perfect competition because monopolistic competitors produce
a. a homogeneous product b. a homogeneous but unique product c. identical products d. differentiated products e. products similar to those produced by a monopoly
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and real GDP in the context of the Three-Sector-Model? a. The quantity of real loanable funds per time period falls and real
GDP falls. b. The quantity of real loanable funds per time period rises and real GDP rises. c. The quantity of real loanable funds per time period rises and real GDP remains the same. d. The quantity of real loanable funds per time period and real GDP remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The expression, "There's no such thing as a free lunch," implies that
What will be an ideal response?