The Public Sector Net Cash Borrowing is:
a) A measure of the government's trade position
b) A measure of the government's budget position
c) A measure of the government's total debt
d) A measure of the government's monetary stance
Answer: b) A measure of the government's budget position
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Suppose that a bond promises to pay its holder $100 a year forever. If the price of the bond increases from $1,000 to $1,250, then the interest rate on the bond
A) falls from 10 percent to 8 percent. B) rises from 8 percent to 10 percent. C) does not change because it is not affected by the price of the bond. D) falls from 10 percent to 6 percent.
A worker who loses his or her job as a consequence of a decline in aggregate demand in the economy is experiencing:
a. disguised unemployment. b. underemployment. c. cyclical unemployment. d. frictional unemployment. e. seasonal unemployment.
Which of the following is a microeconomic problem?
a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. natural unemployment. e. inflation.
Table 14.4Table 14.4 represents 3 markets for used motorcycles. Which of the markets in Table 14.4 are not in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3