The price of a bond is determined by
A) the seller.
B) the buyer.
C) the demand for and supply of bonds.
D) the investment bank that auctions off the bonds.
Ans: C) the demand for and supply of bonds.
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"Growth accounting" is concerned with explaining which of the following?
A. sources of unemployment B. sources of interest rate changes C. sources of inflation D. sources of output growth
If the price level is 100 for 2005 and the price level is 106.5 in 2007, a nominal GDP in 2007 of $15,600 billion would mean that real GDP in 2007 (in 2005 prices) would be closest to
A. $14,751.3 billion. B. $13,971.2 billion. C. $14,647.9 billion. D. $15,600.0 billion.
Explain the reasoning behind why the long-run aggregate supply curve is vertical.
What will be an ideal response?
The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point D to E?
A) 3000 bottles of wine B) 333 bottles of wine C) 3 bottles of wine D) 1/3 of a bottle of wine E) None of the above answers is correct.