Thomas decides to study late into the night. However, as a result, he doesn’t get enough sleep and is tired the next day. This example shows the scarcity of ______.
a. discipline
b. relaxation
c. time
d. ambition
c. time
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The economists discussed in the Application found that states where unemployment benefits ________ grew ________ than in other states
A) increased; slower B) decreased; slower C) increased; faster D) decreased; faster
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond E is approximately
A. 37.5 percent. B. 0.38 percent. C. 0.45 percent. D. 5.0 percent.
The disruption to financial markets starting in August 2007 that caused both consumer and business spending to fall
A) shifted the aggregate demand curve to the right. B) shifted the aggregate demand curve to the left. C) shifted the aggregate supply curve to the right. D) shifted the aggregate supply curve to the left.
One of the potential consequences of the public debt is that it may
A. make income distribution more equitable. B. lead to additional future taxes that reduce economic incentives. C. increase the debt burden of foreign creditors. D. decrease interest rates and increase investment spending.