As interest rates fall, the
A) promised payments of bonds fall. B) face values of bonds fall.
C) price of bonds rises. D) price of bonds falls.
C
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The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points B and C equals
A) 16. B) 8. C) 4. D) 2. E) 14.
For the monopoly shown in the figure above, the profit maximizing output is
A) 4 units per day. B) 5 units per day. C) 6 units per day. D) 10 units per day.
The falling phase of a business cycle measured by a decrease in real GDP is called:
A) hyperinflation. B) expansion. C) recession. D) peak.
The marginal product of labor is the
a. cost of one worker b. average output per worker c. change in revenue from selling one more unit of output d. change in revenue from using one more unit of labor e. change in output from using one more unit of labor