The market value of a bond on any given day is also known as its par value.
Answer the following statement true (T) or false (F)
False
The par value is the face value of a bond-the amount to be repaid when the bond is due. The par value does not change, whereas the market value will fluctuate.
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In June 2008, $1 bought 104 yen and in October, $1 bought 93 yen. This change means
A) U.S. exports became more expensive for Japanese buyers. B) there will be a movement down along the demand curve for dollars. C) there was an increase in the value in the dollar, relative to the yen. D) the dollar appreciated relative to the yen.
When people use a recognition heuristic, they often get answers right because the correct answer is usually the one they are familiar with while the incorrect answer is the one which is unfamiliar to them
Indicate whether the statement is true or false
If the natural unemployment rate is 5.5 percent, then the economy is in an inflationary gap when the actual unemployment rate is
A) greater than 5.5 percent. B) less than 5.5 percent. C) 0 percent. D) 5.5 percent.
In this welfare effects of a tax graph, which area represents how much the loss of surplus exceeded tax revenue?
a. a + b
b. a
c. c + e
d. d – f