Answer the following questions true (T) or false (F)
1. Stocks represent partial ownership of a firm.
2. Dividends are the interest rates paid on stocks.
3. Both stocks and bonds have maturity dates.
1. TRUE
2. FALSE
3. FALSE
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The relationship between output and employment is known as
A) the Phillips curve. B) the Beveridge curve. C) the Diamond paradox. D) Okun's Law.
Productivity is the amount of output produced by a unit of input.
Answer the following statement true (T) or false (F)
Discretionary fiscal policy is a policy that _____
Fill in the blank(s) with the appropriate word(s).
A situation in which one firm's actions with respect to price, quality, advertising and related changes may be strategically countered by the reactions of one or more other firms in the industry is known as
A. economies of scale. B. barriers to entry. C. the concentration ratio. D. strategic dependence.