The ________ is defined as the payments to the owner plus the change in a security's value expressed as a fraction of the security's purchase price
A) yield to maturity
B) current yield
C) rate of return
D) yield rate
C
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Which of the following decreases the demand for money?
A) an increase in income B) an increase in real GDP C) a decrease in the price level D) expectations of higher bond prices
A demand relationship in which a given percentage change in price will result in a less than proportionate percentage change in quantity demanded is
A) elastic. B) unit-elastic. C) inelastic. D) consistent with zero elasticity.
Suppose that each of 10,000 perfectly competitive firm in an industry produces 1,000 units of a good and earns an economic profit when the price of the good is $10. In the long run, definitely
A) each firm increases its production above 1,000 units. B) the number of firms is more than 10,000. C) consumer surplus decreases. D) producer surplus increases. E) the number of firms is less than 10,000.
The best time to purchase the stock of a corporation capable of generating large earnings in the future is when
A) everyone expects its future earnings to be larger than they are now. B) the price of the stock is lower than it has been in recent years. C) the price of the stock is higher than it has been in recent years. D) you alone expect its future earnings to be larger than they are now. E) you know the corporation has already started to generate large earnings.