The credit spread refers to ________
A) the extent to which financial instruments are distributed among households at different income levels in a given society
B) the difference between the London Inter-Bank Offered Rate (LIBOR) and the fed funds rate
C) the price elasticity of household debt
D) the interest-rate differential between risky bonds and U.S. Treasury bonds
D
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Using the information in the table above, calculate the value of GDP
A) $185 million B) $145 million C) $195 million D) $140 million
The original Dow Jones Industrial Average (DJIA) contained ____________ stocks, while the DJIA now consists of ____________ stocks
A) 10; 500 B) 11; 30 C) 15; 50 D) 20; 60
At the point where the consumption schedule intersects the 45-degree line:
A. the MPC is 1.00. B. the APC is 1.00. C. saving is equal to consumption. D. the economy is in equilibrium.
Wheat is produced in a perfectly competitive market. Market demand for wheat increases. This will cause the individual wheat farmer's marginal revenue to ________ and their profit-maximizing level of output to ________.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease