What does the maturity of a bond indicate?
The date at which the bond is paid off.
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Which of the following will not shift the aggregate demand curve to the right?
a. Consumers becoming more optimistic about the future. b. An increase in government spending. c. Business optimism increases. d. Consumers become pessimistic about the future.
When firms already in the industry produce under conditions of substantial economies of scale, entry into the industry is usually more difficult than if the firms produced without those economies of scale
Indicate whether the statement is true or false
A recession is characterized by:
A. constant unemployment. B. an increase in the general price level. C. a period of significant increase in economic activity. D. falling GDP.
The monopoly maximizes profit by setting
A) price equal to marginal cost. B) price equal to marginal revenue. C) marginal revenue equal to marginal cost. D) marginal revenue equal to zero.