Refer to the graph shown. Which of the curves represents a normal yield curve?
A. A
B. B
C. C
D. D
Answer: C
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
An increase in the rate of interest, other things being equal, will cause a(n):
a. downward shift in the investment demand curve. b. movement downward along the investment demand curve. c. movement upward along the investment demand curve. d. upward shift in the investment demand curve.
Price discrimination
a. may lead to greater output. b. always leads to a reduction of output. c. leads to lower profits for the firm. d. causes firms to operate at a higher cost.
Written and recorded works, ideas, formulas, and other creative intangible property that are owned by an individual or a group of individuals are examples of the economic concept of
A. intellectual property. B. personal effects. C. physical capital. D. public property.