The face value of a bond is
A. the dollar amount that a person would receive if he or she were to sell the bond.
B. the dollar amount that a person would receive if he or she were to buy the bond.
C. the total value of payments that will be made over the course of the bond's life.
D. the dollar amount of the bond's final payment at maturity.
Answer: D
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If policy makers do nothing in a recessionary gap, the most likely outcome is a
a. drop in the inflation rate and a rise in the unemployment rate. b. drop in the inflation rate and a drop in the unemployment rate. c. rise in the inflation rate and a drop in the unemployment rate. d. rise in the inflation rate and a rise in the unemployment rate.
The cost disease of the service sector in recent years is the result of
A. market failure. B. government intervention. C. collective bargaining by unions. D. uneven productivity growth.
Studies the performance of the whole economic
a) marginal b) Macroeconomics
Which of the following individuals would be considered unemployed?
A) an individual who works only part-time B) an individual who works full-time in a family business, but is not paid C) an individual who is not working and is not looking for work D) all of the above E) none of the above