In terms of cash flows, a "balloon" mortgage resembles
A) an amortized loan.
B) a Treasury bill.
C) a conventional bond.
D) a zero-coupon bond.
C
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________ flexible wages and prices imply that the short-run aggregate supply curve is ________
A) More; flatter B) Less; steeper C) less; vertical D) More; steeper
The real core of the economic problem is to: a. increase the amount of leisure time available to people
b. guarantee everyone on the planet a minimum level of food, shelter and clean water. c. allocate limited resources among competing uses. d. eliminate scarcity.
Keynes argued that the factors that make up aggregate demand are stable and do not change unexpectedly.
Select whether the statement is true or false. A. True B. False
Refer to the data sets. Which of the data sets would graph as an upsloping line?
Answer the question on the basis of the following five data sets, wherein it is assumed that the variable shown on the left is the independent variable and the one on the right is the dependent variable. Assume in graphing these data that the independent variable is shown on the horizontal axis and the dependent variable on the vertical axis.
| (1) | (2) | (3) | (4) | (5) | |||||
| J | K | L | M | N | P | R | T | U | V |
| 0 | 10 | 0 | -15 | 100 | 40 | 0 | -15 | 0 | 0 |
| 40 | 20 | 30 | -5 | 80 | 50 | 20 | -25 | 5 | 10 |
| 80 | 30 | 60 | 5 | 60 | 60 | 40 | -35 | 10 | 20 |
| 120 | 40 | 90 | 15 | 40 | 70 | 60 | -45 | 15 | 30 |
| 160 | 50 | 120 | 25 | 20 | 80 | 80 | -55 | 20 | 40 |
| 200 | 60 | 150 | 35 | 0 | 90 | 100 | -65 | 25 | 50 |
Refer to the data sets. Which of the data sets would graph as an upsloping line?
A. 1 only.
B. 1, 2, and 3 only.
C. 4 and 5 only.
D. 1, 2, and 5 only.