You turn to the bond market page of a newspaper and look under the column headed "Net Chg" and see that it says, "-1/4" this indicates that
A. the closing price for the bond on this particular day was $2.50 lower than on the previous day.
B. the closing price for the bond on this particular day is $0.25 lower than on the previous day.
C. the yield for the bond has fallen by 0.25% compared to the previous day.
D. the yield for the bond has fallen by 0.25% compared to exactly one year ago.
Answer: A
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In long-run equilibrium for a perfectly competitive firm, price equals which of the following?
a. Economies of real cost. b. Maximum total revenue. c. Diseconomies of scale cost. d. Minimum point on the long-run average cost curve.
The fundamental reason that marginal cost eventually rises as output increases is because of
a. economies of scale. b. diseconomies of scale. c. diminishing marginal product. d. rising average fixed cost.
In the United States, where there is a permanent increase in the money supply, exchange rate overshooting is caused in part by:
a. higher domestic interest rates. b. an appreciation of the dollar. c. lower foreign interest rates. d. a depreciation of the dollar.
Which of the following is an example of a positive supply shock?
a. an unexpected labor strike b. a major widespread forest fire c. an unexpected price cut in imported oil d. a decrease in the overall price level