A coupon bond that has no maturity date and no repayment of principal is called a
A) consol.
B) cabinet.
C) Treasury bill.
D) Treasury note.
A
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If firms in an oligopolistic industry consistently cut their price to sell more output, what price and output will result?
A) the monopoly price and output B) the competitive price and output C) the monopolistically competitive price and output D) a price lower than the competitive price and less output than the competitive amount E) a price lower than the competitive price and more output than the competitive amount
When own-price elasticity lies between 0 and -1, consumer spending decreases when price increases.
Answer the following statement true (T) or false (F)
Which of the following statements regarding a profit-maximizing monopolistically competitive firm is NOT true?
A) The MR curve lies below the demand curve. B) The firm produces the quantity at which the MR curve intersects the MC curve. C) The MC curve intersects the ATC curve at the ATC curve's lowest point. D) The firm's price equals the price at which the MR curve intersects the MC curve.
When aggregate demand intersects aggregate supply in its vertical segment, unemployment will result
Indicate whether the statement is true or false