Since 1995, the net interest payment as a percentage of GDP has:
a. declined.
b. doubled.
c. tripled.
d. quadrupled.
a
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During an inflationary period, a household with savings of $100,000
A) loses because inflation increases the real tax on the interest paid. B) gains because the inflation gives savers more money and so more purchasing power. C) loses because the inflation increases the after-tax real interest rate. D) gains because inflation increases the value of their savings. E) neither gains nor loses because inflation does not affect savers.
During the Great Depression years 1930-1933 there was a very high rate of business failures and defaults, we would expect the risk premium for ________ bonds to be very high
A) U.S. Treasury B) corporate Aaa C) municipal D) corporate Baa
Both the social sciences and the natural sciences employ ________ to help them understand the world around them
A) models B) designs C) traditional thinking D) implications
Consider the market for bicycles. If a dealer cuts prices by 10 percent and sells 20 percent more bikes, then demand for bicycles is:
A. inelastic, and total revenue will increase. B. elastic, and total revenue will increase. C. inelastic, and total revenue will decrease. D. elastic, and total revenue will decrease.