Bonds that are rated in the D category are of higher quality than bonds that are rated in the A category
Indicate whether the statement is true or false
False
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"Diminishing marginal utility means a downward sloping total utility curve." True or false? Explain
Indicate whether the statement is true or false
One reason the supply of cell phones has increased is:
A. cell phone towers are much more common. B. better technology allows them to be produced more cheaply. C. consumer preferences for cell phones has increased. D. expectations of the near future are that no landlines will exist.
In the United States between 2000 and 2015, the Gini coefficient
A. Increased, indicating less income inequality. B. Decreased, indicating less income inequality. C. Decreased, indicating greater income inequality. D. Increased, indicating greater income inequality.
"If the Federal Reserve raises interest rates, demand for housing is likely to fall" is a ________ statement about ________ policy.
A. positive; monetary B. normative; fiscal C. normative; monetary D. positive; fiscal