Which of the following is not correct?
a. If you buy a bond from a corporation, you can sell the bond to someone else before it matures.
b. Term refers to the scheduling of periodic interest rate payments on a bond.
c. A bond is an IOU.
d. There are millions of different bonds in the U.S. economy.
b
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All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT
A) a change in the price of labor. B) technological progress. C) a change in the price of a needed raw material. D) a change in the price level.
A hostile takeover is one opposed by the firm's existing management
a. True b. False Indicate whether the statement is true or false
In long-run equilibrium in perfect competition, every firm is producing at minimum average cost
a. True b. False Indicate whether the statement is true or false
Briefly explain the relationship between market price and a firm's profitability in a perfectly competitive market