Which of the following is NOT a discount bond?
A) a U.S. savings bond
B) a U.S. Treasury bill
C) a U.S. Treasury note
D) a zero-coupon bond
C
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Refer to the above figure. We are currently producing at point c. Which of the following statements is TRUE?
A) Resources are not being efficiently utilized. B) Resources are being efficiently utilized. C) The only way to produce more of Goods X or Y is to have an increase in the amount of resources. D) The Law of Increasing Additional Cost does not hold.
According to the graph shown, the long-run output decision for this firm is:
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
A. Q1, P1.
B. Q1, P2.
C. Q2, P1.
D. Q3, P3.
?In the long run, a decrease in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________.
A. ?decrease; decrease B. ?increase; increase C. ?decrease; remain unchanged D. ?increase; remain unchanged
The concept of the invisible hand was first introduced to economics by:
A. Adam Smith. B. Thomas Malthus. C. Milton Friedman. D. David Ricardo.