Consider the price paid for debt issued by the State of California. Which of the following would lead to a decrease in the value of State of California bonds?
A. The State of California pays back its previous bonds ahead of schedule.
B. The State of California bonds have a shorter maturity.
C. The State of California bonds are in small dollar amounts.
D. The State of California experiences a fiscal crisis that makes it less likely it will be able to honor its interest payments.
Answer: D
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The ________ elastic a firm's demand curve, the greater its ________
A) less; monopoly power B) less; output C) more; monopoly power D) more; costs
Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound. If Casey's income rises to $210, he could buy a maximum of ________ pounds of fish or a maximum of ________ pounds of shrimp.
A. 42; 70 B. 70; 42 C. 24; 30 D. 30; 24
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A. inflation-employment trade-off. B. Phillips Curve. C. price-work curve. D. aggregate supply.
Both the International Monetary Fund and the World Bank were established
A. in the 1970s. B. at the end of World War II. C. at the end of World War I. D. at the end of Korean War.