As new firms enter a market, the equilibrium price will
a. rise.
b. fall.
c. stay the same.
d. impossible to predict.
B
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If the government is running a cyclically adjusted budget deficit, ________ fiscal policy is ________ because aggregate expenditure is increasing
A) discretionary; contractionary B) discretionary; expansionary C) expansionary; ineffective D) contractionary; appropriate
Karl Marx's massive work, titled Das Kapital, was published in 1848
a. True b. False Indicate whether the statement is true or false
After 2000, rapid economic growth continued for the high-growth Asian economies
Indicate whether the statement is true or false
Which of the following statements about junk (high-risk) bonds is true?
A) They never outperform treasury bonds since they're too risky. B) The price of junk bonds increase as their perceived risk increases. C) They tend to perform best during recessions. D) One can profit by owning them if market perceptions of their risk decline.