A decrease in the liquidity of corporate bonds, other things being equal, shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds shifts to the ________

A) right; right
B) right; left
C) left; left
D) left; right


D

Economics

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When a budget is not approved in time, _____

a. agencies operate on the basis of continuing resolutions b. agencies operate on the basis of a budget resolution developed by budget committees c. agencies tend to shuts down d. the President can force Congress to act e. agencies borrow from the Federal Reserve

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Which of the following moral theories is NOT consequentialist?

a. teleology b. act utilitarianism c. egoism d. kantian ethics

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An economist would say that the benefits of regional integration are determined by

a. the formation of a political union. b. the amount of trade diversion. c. the amount of trade creation. d. the level of consumer involvement. e. the location of manufacturing facilities.

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Which of the following is TRUE of an oligopoly?

A. They do not react to actions of their competitors. B. Each firm produces a small portion of the total output. C. They engage in nonprice competition. D. Firms do not care what their competitors do.

Economics