Everything else held constant, during a business cycle expansion, the supply of bonds shifts to the ________ as businesses perceive more profitable investment opportunities, while the demand for bonds shifts to the ________ as a result of the
increase in wealth generated by the economic expansion. A) right; left
B) right; right
C) left; left
D) left; right
B
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Lately, the Chinese authorities seem to be backing away from ____ and the Yuan has ____ relative to the dollar
a. managed-float; devalued b. currency peg; depreciated c. floating rate; revalued d. currency peg; appreciated
What is the difference between a public franchise and a public enterprise?
A) Both refer to a service provided directly to consumers through the government, but "public franchise" is a term more commonly used in the United States while "public enterprise" is more commonly used in European countries. B) A public franchise grants a firm the right to be the sole legal provider of a good or service. A public enterprise refers to a service that is provided directly to consumers through the government. C) A public enterprise is owned by the public through its holdings of shares of stock in the enterprise. A public franchise is a firm owned by the government. D) A public enterprise grants a firm the right to be the sole legal provider of a good or service. A public franchise refers to a service that is provided directly to consumers through the government.
The ________ of the term structure of interest rates states that the interest rate on a long-term bond will equal the average of short-term interest rates that individuals expect to occur over the life of the long-term bond, and investors have no
preference for short-term bonds relative to long-term bonds. A) segmented markets theory B) expectations theory C) liquidity premium theory D) separable markets theory
The firm that practices price discrimination needs to be able to distinguish ________; the seller also has to be able to prevent the buyers in the lower-priced market from ________ the product to those in the higher-priced market.
Fill in the blank(s) with the appropriate word(s).