The maturity date of a bond is:
a. the date on which the lender receives the coupon from the borrower.
b. the date on which the borrower takes the loan.
c. the date on which the bond is bought by an individual from the firm.
d. the specified time at which the borrower repays the loan.
e. the specified time at which the borrower sells the bond held by him to someone else.
d
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If both the goods and the labor market are perfectly competitive, a firm that hires labor up to a point where the value of marginal product of labor equals the wage rate also produces at a point where price is:
A) equal to average cost. B) equal to marginal cost. C) less than marginal cost. D) higher than marginal cost.
An autonomous rise in ________ shifts the LM curve to the ________, everything else held constant
A) net exports; right B) net exports; left C) money demand; right D) money demand; left
Compared to a barter economy, using money increases efficiency by reducing
a. transaction costs. b. the need to exchange goods. c. the need to specialize. d. inflation.
The nominal, effective exchange rate is the:
a. Nominal, effective exchange rate adjusted for a nation's price level relative to many foreign countries' prices. b. Value of one currency in terms of another currency. c. Weighted-average value of a currency relative to many foreign currencies. d. Nominal, bilateral exchange rate adjusted for the international price levels of the two countries.