The short-run aggregate supply curve has a
A) negative slope.
B) positive slope.
C) slope equal to infinity.
D) slope equal to zero.
Answer: B
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A change in the price level does not shift the aggregate demand curve
Indicate whether the statement is true or false
Which of the following is TRUE regarding markets? I) Economists define a market as a geographic location where trade occurs. II) A market enables buyers and sellers to get information about each other and to buy and sell from each other
III) Markets coordinate decisions through prices. A) I only B) I and III C) II and III D) I, II and III
If you purchased a newly issued 30-year bond from Google with a face value of $3,000 and a coupon payment of 6 percent, Google would pay you
A) $180 per year for 30 years plus $3,000 at the end of the 30th year. B) $100 per year plus 6 percent per year for 30 years. C) $100 per year for 30 years plus $3,000 at the end of the 30th year. D) $180 per year for 30 years.
The prime interest rate is the
A) interest rate on six-month U.S. Treasury bills. B) discount rate. C) Federal funds rate. D) interest rate that banks charge high-quality borrowers.