You turn to the bond market page of a newspaper and look under the column headed "Net Chg" and see that it says, "-1/4" this indicates that
A) the closing price for the bond on this particular day was $2.50 lower than on the previous day.
B) the closing price for the bond on this particular day is $0.25 lower than on the previous day.
C) the yield for the bond has fallen by 0.25% compared to the previous day.
D) the yield for the bond has fallen by 0.25% compared to exactly one year ago.
A
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If a 200 billion dollar increase in government spending occurs when the Fed seeks to maintain a fixed interest rate then
A) there is no crowding out, the LM curve shifts to offset the shift in the IS curve. B) there is no crowding out, the monetary policy is fixes as is the LM curve fixed. C) crowding out is assured since monetary policy is fixed. D) crowding out is assured since the Fed will accommodate the spending increases.
Which of the following is not a criticism of monopolies?
a. They restrict output. b. They set price above the perfectly competitive level. c. They tend to be less innovative than firms in a competitive market. d. They exert a disproportionate amount of political influence. e. They reduce allocative efficiency through perfect price discrimination.
An industry in which a few firms make almost all of the market sales is called:
A. a monopsony. B. a monopoly. C. an oligopoly. D. a perfectly competitive market.
The nation closest to a centrally planned, socialist economy is
A. China. B. Japan. C. the United States. D. Norway.