If an investor is certain that market interest rates will decline in the future, which of the following will she be most likely to purchase?
A) a six-month government bill
B) a two-year government note
C) a ten-year government bond
D) a fifty-year government bond
D
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Inflation is: a. a reduction in everyone's standard of living
b. a rise in the real prices of all goods and services. c. a general and continuing rise in the money prices of goods and services. d. a continuing rise in everyone's standard of living. e. an increase in the value of money compared to the value of goods.
The symbiotic relationship between mass production and mass consumption was best personified by
A. John D. Rockefeller. B. Andrew Carnegie. C. Henry Ford. D. John Deere.
What does the demand curve for a product reflect?
a) the quantity consumers are able to purchase b) the value of the product to consumers c) the cost of the product to consumers d) the price the product will sell for in the market
Which of the following is responsible for controlling the money supply in the United States?
A. U.S. Congress B. Board of Governors of the Federal Reserve System C. U.S. Treasury D. Council of Economic Advisors