According to the liquidity premium theory, if market participants expect that inflation in the future will be lower than it currently is, the yield curve will
A) slope upward.
B) be flat.
C) be inverted.
D) be vertical.
C
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Fuchs has suggested defining poverty as income below one-half of the national median
Indicate whether the statement is true or false
The economic argument for legalizing drugs
a. is morally bankrupt. b. is based on the assumption that demand is relatively price inelastic. c. shows that economists are all libertarians at heart. d. takes into consideration all the externalities associated with drug use. e. is really politically motivated.
Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically. Holding all else equal, the equilibrium quantity in the labor market for computer programmers
a. increased. b. decreased. c. did not change. d. It is not possible to determine the equilibrium quantity.
Refer to the table shown. When average product is 8, total output is:Number of workersMarginal product of workers1527384105116775839010?1
A. 40. B. 48. C. 32. D. 20.