Place point X on the graph to indicate full employment, point Y to indicate economic growth and point Z to indicate a bad depression.
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Answer the next question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10%. If the price of this bond falls by $200, the interest rate will
A. fall by 2.5 percentage points. B. fall by 5 percentage points. C. rise by 5 percentage points. D. rise by 2.5 percentage points.
Pumpkins are grown in New Mexico with the aid of fertilizer. Hence, fertilizer is a partial answer to which of the three economic questions?
What will be an ideal response?
For a firm in a perfectly competitive labor market
A. W > MFC. B. W = MFC. C. W < MFC. D. W > MRP.
In a large open economy like the United States, an increased government budget deficit which reduces national saving
A. has no effect on investment, but reduces the current account balance. B. reduces investment and improves the current account balance. C. has no effect on either investment or the current account balance. D. reduces investment and reduces the current account balance.