Before 1970, mutual funds invested almost solely in
A) corporate bonds.
B) corporate common stocks.
C) United States government bonds.
D) municipal bonds and money market securities.
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
John Maynard Keynes developed his economic theories in the
A) 1870s. B) 1900s. C) 1930s. D) 1960s.
When production costs fall,
a) the aggregate-demand curve shifts to the right. b) the short-run aggregate-supply curve shifts to the right. c) the short-run aggregate-supply curve shifts to the left. d) the aggregate-demand curve shifts to the left.
Exhibit 7-12 Marginal revenue and cost per unit curves
?
As shown in Exhibit 7-12, if the price is OD, the firm's total revenue at its most profitable level of output is:
A. OZID. B. OYHD. C. OXLD. D. OYFB.