A recent issue of the Wall Street Journal headlined a story, “Bond Prices End Lower.” From this we can conclude that
A. interest rates fell.
B. interest rates rose.
C. interest rates did not change.
D. stock prices fell.
Answer: B
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Refer to Figure 4.1. Alvin is the ________ player
A) row B) column C) chapter D) page
In response to an unanticipated tightening of monetary policy, the price level ________ at first, then ________ after a year
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; begins to rise D) remains roughly unchanged; begins to fall
When firms exit a monopolistically competitive industry: a. the average total cost curves of remaining firms will shift upward
b. the demand curves of remaining firms are increased at each level of output. c. the remaining firms will decrease production. d. the average revenue received by remaining firms will decrease at each level of output.
The new growth theory examines the role of
A. technology in economic growth. B. natural resources in economic growth. C. government in economic growth. D. exports in economic growth.