If there is excess demand
What will be an ideal response?
price will rise
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A corporate bond sold in 2000 with a face value of $10,000, a $100 coupon, and a maturity date in 2010
A. will pay the bondholder $100 a year every year from 2000 to 2010 and will also pay the bondholder $9,000 in 2010. B. will pay the bondholder $100 a year every year from 2000 to 2010 and will also pay the bondholder $10,000 in 2010. C. requires the bondholder to pay $100 a year every year from 2000 to 2010 and will pay the bondholder $10,000 in 2010. D. requires the bondholder to pay $100 in 2000 only and will pay the bondholder $10,000 in 2010.
When considering the price lags of the West behind the East, by the eve of the Civil War the lag was
a. roughly one year. b. six months. c. three months. d. virtually eliminated.
A Midwestern wheat farmer faces a horizontal demand curve because
a. it is so large relative to the market as a whole that it has no impact on market price b. it is so small relative to the market as a whole that it has no impact on market price c. it produces a good for which there are no substitutes d. it produces a good for which there are no complements e. it produces a good that no other firm in the industry produces
During the 2007-2009 financial crisis, the Federal Reserve took some unusual steps in its conduct of monetary policy. Which of the following was not one of them? a. It invested in AIG
b. It invested more than $1 trillion in mortgage-backed securities. c. It worked with the U.S. Treasury and with other regulators to stabilize banks and thaw frozen credit lines. d. It worked with the U.S. Treasury and other regulators to help conduct a stress test of the 19 largest banks. e. It bailed out General Motors.