Long term bonds have ________ interest rate risk
Fill in the blank(s) with the appropriate word(s).
Ans: higher
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Government spending that changes automatically without action by Congress is
A) a noncontrollable expenditure. B) national defense. C) payments to contractors for routing services performed. D) discretionary payments.
If the Chinese currency devalues compared to the US dollar, then
a. US producers will benefit; Chinese consumers will benefit b. US producers will benefit; Chinese consumers will hurt c. US producers will hurt; Chinese consumers will benefit d. US producers will hurt; Chinese consumers will hurt
Under perfect competition, the market mechanism, without any government regulation, is capable of
A. allocating resources efficiently. B. solving equity problems. C. making the average cost of labor equal to the average cost of all commodities. D. making more income available to the poor.
An adverse supply shock shifts the short-run Phillips curve right. If people raise their inflation expectations, the short-run Phillips curve shifts farther right
a. True b. False Indicate whether the statement is true or false