________ Treasury bonds tend to have lower interest rates than ________ Treasury bonds
A) Lower coupon payment; higher coupon payment
B) Higher denomination; lower denomination
C) Longer-maturity; shorter-maturity
D) Shorter-maturity; longer-maturity
D
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Classical growth theory predicts that in the long run there will be
A) sustained increases in the productivity growth rate. B) negative economic growth. C) zero economic growth. D) positive economic growth. E) sustained increases in economic growth.
When the federal budget is used as a tool for economic stabilization, the ideal goal is to
a. balance the budget over the entire business cycle. b. balance the budget each year. c. balance the budget during expansions. d. run a surplus during contractions.
Which of the following statement(s) most likely describes the outcome of a change in price?
a. A change in the price of a good never causes the demand curve for that good to shift. b. A change in the price of a good never causes the demand or supply curve for that good to shift. c. A change in the price of a good never causes the supply curve for that good to shift. d. A change in the price of a good causes the demand and supply curves for that good to shift.
The above figure supports all of the following statements regarding health care EXCEPT
A. the lower the deductible, the greater is the quantity demanded of health care services per year. B. if all medical expenses were paid for by third parties, the quantity demanded would increase tremendously. C. due to third party payments, patients demand a higher quantity of health care services per year. D. the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded.