Perfectly inelastic demand curves are vertical.
Answer the following statement true (T) or false (F)
True
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When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and price will ________
A) above; rise B) above; fall C) below; fall D) below; rise
The current account in a nation's balance of payments accounts includes
a. exports of U.S. computers b. imports of German automobiles. c. purchases of foreign stocks. d. Both a and b e. All of the above
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises and real GDP rises. b. The real risk-free interest rate falls, and real GDP rises. c. The real risk-free interest rate rises, and real GDP falls. d. The real risk-free interest rate and real GDP remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
___________ is the best day to find low fares. This is a departure from the conventional wisdom of recent years, when _________ was considered the best bet.
Fill in the blank(s) with the appropriate word(s).