Products such as office supplies are examples of
A) experience goods.
B) simple goods.
C) search goods.
D) selective goods.
C
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The interest rate on a bond is calculated as
A) the coupon times the face value. B) the coupon divided by the face value. C) the face value divided by the coupon plus the face value. D) the face value divided by the coupon.
Fractional reserve banking can be thought of as a bank
A) withholding a portion of its total deposits that are not loaned out. B) holding deposits equal to its net worth. C) paying a fraction of its profit to depositors. D) loaning out all of its reserves.
Prior to Keynes, the prevailing viewpoint concerning equilibrium in the economy was that of
a. supply-side economics. b. monetarism. c. classical economics. d. depression economics.
Refer to the information provided in Figure 26.5 below to answer the question(s) that follow.
Figure 26.5Refer to Figure 26.5. A decrease in the price level shifts the ________ to the ________.
A. Fed rule; left B. Fed rule; right C. IS curve; right D. IS curve; left