A shock that could trigger a recession is a
a. large increase in oil prices
b. stock market bubble
c. sudden increase in military spending
d. large decrease in oil prices
e. sudden decrease in the interest rate
A
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In the market for eggs, a removal of the price ceiling on eggs results in:
a. an increase in the demand for eggs. b. farmers supplying more eggs to the market. c. consumers demanding a larger quantity of eggs. d. farmers supplying less eggs to the market. e. consumers demanding a smaller quantity of eggs.
The market for wheat is most likely considered a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
If a corporate bond with face value of $8,000 has an interest rate of 4 percent paid once a year for a term of 30 years, what is the size of the coupon payment?
A) $320 B) $2,000 C) $8,000 D) $9,600
An individual firm's demand curve in a perfectly competitive market is
A. upward sloping. B. perfectly elastic. C. perfectly inelastic. D. downward sloping.