Most collective bargaining situations lead to strikes.
Answer the following statement true (T) or false (F)
False
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Refer to the above figure. The government has just engaged in expansionary fiscal policy shifting the aggregate demand curve from AD1 to AD2. Interest rates have started to rise. Which of the following statements is TRUE in the short run?
A) Real GDP will be $14 trillion since the effect of government spending is not influenced by interest rates. B) Real GDP will end up somewhere between $11 and $14 trillion as businesses and consumers reduce their spending in response to the increase in interest rates. C) Real GDP will go beyond $14 trillion as businesses and consumers react to the increase in interest rates. D) Real GDP will fall back to $11 trillion since the effect that increased government spending has on real GDP is short lived.
If the Fed were to increase the discount rate so that it was much higher than the federal funds rate, eventually
A) reserves would decrease and the money supply would decrease. B) reserves would increase and the money supply would increase. C) reserves would decrease and the money supply would increase. D) reserves would increase and the money supply would decrease. E) there is no impact on reserves or the money supply.
Over the price range from $180 to $120 in Figure 20.1, ceteris paribus,
A. Demand is increasing. B. Total revenue is maximized. C. Utility is maximized. D. Demand is elastic.
A "junk bond" is a bond with a
A) low yield to maturity. B) value of zero. C) low face value, but high coupon rate. D) high default risk. E) very low maturity.