Economists agree that the cause of the slow economic growth during the 1970s was the tight monetary policy.
Answer the following statement true (T) or false (F)
False
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Restaurant meals are an example of a ________ good and clothing is an example of a ________ good. The pattern of interregional trade is determined primarily by ________
A) nontraded; traded; external economies. B) traded; nontraded; internal economies C) nondurable; durable; natural resource D) durable; nondurable; natural resources E) consumer; style; population
Refer to the above table. The marginal utility of the 5th movie for Michael is
A. 60 units of utility. B. 390 units of utility. C. 50 units of utility. D. 40 units of utility.
If a corporate bond with a face value of $20,000 pays yearly coupon payments of $500, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%