The most volatile component of GDP is
a. tax revenue
b. government purchases of goods and services
c. the nation's capital stock
d. private investment spending
e. private consumption expenditures
D
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When the coupon rate on newly issued bonds increases relative to older, outstanding bonds, what happens?
A) The market price of the older bond falls in the secondary market. B) The market price of the older bond rises in the secondary market. C) Older bonds will sell for more than their face value. D) Older bonds can still be sold at their face value.
Refer to Table 17-3. What is the amount of revenue added as a result of hiring the fourth worker?
A) $7,200 B) $1,200 C) 90 microwaves D) 15 microwaves
Refer to the graph shown. If the price of the product is $1 and the firm is a natural monopoly:
A. there will be a surplus of the product. B. the firm can earn profit by producing more than Qc. C. the firm will incur losses by producing the quantity demanded at that price. D. the firm will earn economic profit by satisfying the market quantity demanded at that price.
If many of the workers who become unemployed as a result of a recession are retail workers:
A. they will return to employment once the government announces its stimulus and consumer confidence returns. B. the retail sector is likely to remain permanently smaller. C. the government likely will be unable to target its stimulus spending for these workers. D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.