The market system has provided great advances in invention, innovation, and economic growth.
Answer the following statement true (T) or false (F)
True
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An inferior good is a good for which demand
A) decreases when income increases. B) increases when income increases. C) decreases when population increases. D) increases when population increases.
What is a result of unemployment that is very low?
What will be an ideal response?
If the public debt increased by the same amount each year during the past three years, then
A. the U.S. Treasury must have issued securities to fund a flow of government spending that exceeded a flow of tax revenues by the same amount during each of the past three years. B. the U.S. government must have operated with the same budget surpluses during the past three years. C. the U.S. government must have experienced budget surpluses that increased by the same amount each of the past three years. D. during each of the past three years, the U.S. Treasury must have bought back the same amount of securities that had previously been issued to cover deficits experienced more than three years ago.
When the coupon rate on newly issued bonds ________ relative to older, outstanding bonds, the market price of the older bond ________
A) decreases; rises in the secondary market B) decreases; falls in the secondary market C) increases; falls in the secondary market D) increases; falls in the primary market