The original maturity on U.S. Treasury notes is between
A) three months and one year.
B) one and ten years.
C) six months and three years.
D) ten and thirty years.
B
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In long-run equilibrium, the perfectly competitive firm sets its price equal to which of the following?
a. Short-run average total cost. b. Short-run marginal cost. c. Long-run average cost. d. All of these.
Which of the following examples would be most effective in the flat part of the SRAS demand curve?
a. The Fed begins an aggressive expansionary policy. b. The Fed keeps the monetary policy neutral. c. The Fed implements a slight contractionary policy. d. The Fed implements an aggressive contractionary policy.
If, as an entrepreneur, I am earning accounting profits of $70,000 per year and the opportunity cost of my time is $80,000
A. I should close my business. B. I am earning economic profits of $10,000. C. I am earning economic profits of $150,000. D. I am earning economic profits of $70,000.
In the production of cell phones, Apple and Samsung are ________, so there is ________ on economic profits to go to zero.
A. oligopolists; pressure B. perfect competitors; pressure C. monopolists; no pressure D. oligopolists; no pressure