List three characteristics of a bond that would make its interest rate higher than otherwise
it has a longer term to maturity, it has greater default risk, the interest earned on it is not tax exempt
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Either a dual or hierarchial mandate is acceptable as long as ________ is the primary goal in the ________
A) price stability; short run B) price stability; long run C) reducing business-cycle fluctuations; short run D) reducing business-cycle fluctuations; long run
A decline in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Which of the following will facilitate the enforcement of a cartel?
A) most-favored-customer clauses B) reports of bids on government contracts C) meet the competition or price match D) All of the above
Which of the following goods is least likely to be in a market basket?
A. A missile B. A gallon of milk C. A pair of khaki pants D. A tank of heating oil