If there is a change in the U.S. endowment of factors of production, then there would be
A. a movement along the SRAS curve.
B. shifts in just SRAS.
C. a shift in both LRAS and SRAS.
D. a shift in just LRAS.
Answer: C
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Which of the following is fixed on a coupon bond?
A) coupon rate B) current yield C) market price D) yield to maturity
For which of the following workers would the substitution effect be more likely to outweigh the income effect of an increase in wage?
a. air traffic controller b. marketing manager c. waitress d. dentist
Answer the following questions true (T) or false (F)
1. In order to construct the budget line, one only needs to know the prices of the goods in question. 2. Normal goods are goods for which consumption falls (rises) when income increases (decreases). 3. The consumer is at equilibrium when the marginal rate of substitution is equal to the slope of the budget line.
Assuming the nominal interest rate is equal to 0, rank the following three sequences of payments according to their present value:
Sequence "A": $190, $200, $210 Sequence "B": $200, $200, $200 Sequence "C": $210, $200, $190 Group of answer choices A. A>B>C. B. A>C>B. C. C>B>A. D. B>A>C. E. None of the above.