As distinct from reductions in the price level, reductions in the rate of inflation are referred to as:
A. dollar depreciation.
B. stagflation.
C. deflation.
D. disinflation.
D. disinflation.
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Mutual funds that are composed of corporate and government bonds are known as:
a. risk-adjusted funds. b. global funds. c. equity funds. d. fixed-income funds. e. money market funds.
If a firm faces a downward-sloping demand curve, then:
A. the firm could be either a perfectly competitive firm or an imperfectly firm. B. it is a perfectly competitive firm. C. the firm's marginal revenue from selling an additional unit of output is less than price. D. the firm's production process exhibits economies of scale.
Financial intermediaries that primarily accept savings and make loans are known as:
a) commercial banks. b) credit cards. c) federal financial regulators. d) securities firms.
An individual or country that has a comparative advantage in the production of one good:
A. must have an absolute advantage in the good's production. B. must not have an absolute advantage in the good's production. C. may or may not have an absolute advantage in the good's production. D. must not have an absolute advantage in the production of the other good.