If market interest rates rise, the selling price of existing bonds in the market will, ceteris paribus,
A. Not change.
B. Rise.
C. Fall.
D. Change unpredictably.
Answer: C
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In the figure above, the opportunity cost of moving from point C to point D is
A) the loss in production in the health care sector. B) the increase in production in the education sector. C) zero. D) the loss in production in the education sector.
The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product
A) I and II B) II and III C) I and III D) I, II and III
By buying and selling Treasury securities the Federal Reserve affects tax collections by the IRS
Indicate whether the statement is true or false
A recent study found that it was cheaper to buy a chicken dinner from Kentucky Fried Chicken than it was to prepare it at home. The researcher included all costs including the imputed value of time involved to prepare the meal at home. This study illustrates the
a. value of marginal analysis. b. law of increasing costs. c. difference between real costs and money costs. d. cost disease of the service sector.