The formula for the yield to maturity, i, on a discount bond is
A) i = (Face value - Discount price)/Discount price.
B) i = (Discount price - Face value)/Discount price.
C) i = (Face value - Discount price)/Face value.
D) i = (Discount price - Face value)/Face value.
A
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Profit is the difference between
A) total revenue and total explicit cost. B) total revenue and total cost. C) total revenue and variable cost. D) marginal revenue and marginal cost.
Which of the following is the Fed's best strategy for dealing with demand shocks?
a. Maintain a money supply target b. Decrease the money supply c. Maintain a passive monetary policy d. Neutralize the impact with an increase in the money supply e. Increase the interest rate
Events like war shift the long-run aggregate supply curve of an economy to the right
a. True b. False Indicate whether the statement is true or false
In an oligopolistic market there is likely to be:
A. neither allocative nor productive efficiency. B. homogeneous but not differentiated products. C. little consideration of the actions of rival firms. D. price-taking behavior on the part of firms.