A bond is a
a. financial intermediary.
b. certificate of indebtedness.
c. certificate of partial ownership in an enterprise.
d. None of the above is correct.
b
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The United States is a creditor nation
Indicate whether the statement is true or false
Proponents of zero-inflation policies acknowledge that the public is unconcerned about the inflation rate
a. True b. False Indicate whether the statement is true or false
The AS/AD model looks similar to the microeconomic supply and demand model
A. but is not based on it. B. and is based on the microeconomic supply and demand model because the AS/AD is a macro representation of the micro model. C. and is based on the microeconomic supply and demand model because both are based on opportunity costs. D. and is based on the microeconomic supply and demand model because both are based on the principle of substitution.
Equilibrium is the condition that exists
A. when the demand curve intersects the quantity axis. B. when quantity demanded equals quantity supplied. C. whenever there is no government intervention in the market. D. when the demand curve intersects the price axis.