Bonds issued by state and local governments are called _____ bonds. Bonds issued by financially shaky corporations are called _____ bonds. Of these two, which type of bond usually pays a relatively higher interest rate?
Fill in the blank(s) with correct word
municipal, junk, junk
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Using Scenario 1, calculate the total cost of pollution when both steel companies are allowed to pollute only one million gallons of thermal water each and the right is not transferable or tradable
What will be an ideal response?
Some labor union wage contracts contain a cost-of-living adjustment indexed against _____________.
a. inflation b. consumer prices c. cost of materials d. profits
The Phillips curve shows the relationship between the rate of inflation and the rate of growth of real GDP
a. True b. False Indicate whether the statement is true or false
Whenever the general level of prices rises because of continual increases in aggregate demand, we say that the economy is experiencing
A. cost push inflation. B. aggregate supply shock. C. supply-side inflation. D. demand-side inflation.