Describe the facts found in the bond market about the relationship between interest rates on bonds of different maturities
What will be an ideal response?
Typically, long-term interest rates are higher than short-term interest rates. Also, interest rates on bonds of different maturities tend to move together.
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Anna works on a farm every spring during planting season and every fall during the harvest season. The farm fails to employ Anna during the summer or the winter. What type of unemployment does Anna experience?
A. natural unemployment B. cyclical unemployment C. frictional unemployment D. structural unemployment E. seasonal unemployment
Refer to the data. The MPS is:
A. 7/10.
B. 3/10.
C. 2/5.
D. 3/5.
Other things being equal a recession is likely to
A. have no effect on federal receipts or outlays. B. increase federal outlays but have no effect on federal receipts. C. decrease both federal outlays and receipts. D. increase federal outlays and reduce federal receipts.
The marginal product refers to the impact of which unit of a productive resource?
a. first b. middle c. last d. average