You can also think of interest as:
A. the time it takes a bond to mature.
B. the cost of inflation.
C. the price of borrowing per dollar
D. All of these statements are true.
Answer: C
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The basic aggregate demand and aggregate supply curve model helps explain ________ fluctuations in real GDP and the price level
A) long-term B) unrelated C) both short-term and long-term D) short-term
Assume goods X and Y are complements. A decrease in the price of X would cause the demand for Y to increase
Indicate whether the statement is true or false
Which of the following is true?
a. Families are getting bigger, across most populations b. The U.S. is growing older, median age is rising c. Minority groups are slowing down, getting smaller d. There are 59 federally recognized Indian tribes in the United States
Principal-agent problems are less likely to arise
a. if it is easy for principals to know agents' actions and if there is less conflict between their goals b. if it is difficult for principals to know agents' actions and if there is less conflict between their goals c. if it is easy for principals to know agents' actions and if there is some difference in their goals d. if it is difficult for principals to know agents' actions and if there is some difference in their goals e. if agents have higher incomes