Historically, our rate of economic growth has been about _____% a year.
Fill in the blank(s) with the appropriate word(s).
3.5
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A corporation issues a three-year bond with a coupon of $50 and a face value of $1000. A year later, market interest rates have declined to 4%. What is the price of the bond a year after it was issued? Report your answer to the nearest dollar
What will be an ideal response?
The debt burden can be passed on to future generations if public debt is
a. deflationary b. converted into paper currency c. turned into private debt d. an external debt e. crowded out
A country with an overvalued currency
a. will have a balance of payments deficit. b. will suffer losses of foreign reserves. c. must intervene in the foreign exchange market to buy its own currency. d. All of the above are correct.
If a straight-line demand curve slopes down, price elasticity will:
a. always be greater than one. b. always equal one. c. remain the same at all points on the demand curve. d. change between points along the demand curve.