Increased liquidity in recent decades has reduced interest rates on which of the following assets (holding constant all other things that affect interest rates)?
A) U.S. government bonds
B) bonds issued by large corporations
C) business loans
D) bonds issued by state governments
C
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Justine is an artist. In 2003, she produced 15 paintings and sold all 15 . In 200 . she produced 14 paintings and sold 11 . In 2005, she produced 16 paintings and sold 18 . Explain how many of Justine's paintings would be counted as part of gross private domestic investment in each of these three years
Which of the following is an example of horizontal equity?
a. A wealthy individual should pay more taxes than a lower-income individual b. A wealthy individual should have a greater average tax rate than a middle-income individual c. Two persons with identical incomes should pay the same taxes d. A local government decides to impose taxes based on the benefits principle
Unemployment caused by an increase in job quits would be classified as
What will be an ideal response?
As prices change, the elasticity of supply describes the movement
A) of a shift in the supply curve. B) of the equilibrium price. C) along the supply curve. D) from a necessity to a luxury good.