Bonds receiving one of the top four ratings are considered:
A) junk
B) speculative
C) AAA
D) investment grade
D
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Keynes believed that the way to prevent recessions and depressions was to
A) increase aggregate demand through expansionary fiscal policy. B) maximize the crowding out effect. C) only change tax rates as a means of regulating the economy. D) reduce spending when there is a recessionary ga
If only one firm operates in a market, and a potential entrant is blockaded from entering the market, then the incumbent firm must
A) have acted to prevent entry. B) be pricing where price equals marginal cost. C) be a natural monopoly. D) be the Stackelberg leader.
Which of the following policies would be most effective in the steep part of the SRAS demand curve?
a. The interest rate increases by 5 percent. b. The interest rate increases by 12 percent. c. The interest rate decreases by 5 percent. d. The interest rate decreases by 12 percent.
The rule of 72 implies that a country will double its income in about 4 years if its growth rate is:
A. 25 percent. B. 18 percent. C. 8 percent. D. 12 percent.