The adult population must equal the sum of the employed and the unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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As the price of a good rises, the consumer will experience
A) a desire to consume a different bundle. B) a decrease in utility. C) a downward or leftward movement on the indifference map. D) All of the above.
If a bond has a face value of $1,000 and the bondholder receives coupon payments of $27.50 semi-annually, the bond's coupon rate is:
A. 27.5% B. a value that cannot be determined from the information provided. C. 2.75% D. 5.50%
What is ‘market failure'? Explain one way in which government can help overcome such failure
What will be an ideal response?
How long do most business cycles last?
A. Two full years B. Two consecutive quarters C. At least 10 years D. Varying lengths of time