The fact that the supply curve for a given firm's bond is vertical reflects the fact that
a. at any given point in time there are a fixed number of those bonds in existence.
b. firms adjust the number of bonds they issue on a daily basis
c. investors do not adjust their portfolios when interest rates change
d. government limits the amount of bonds a company can issue
A
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If the cost of labor increases the isocost line will
A) stay the same. B) shift outward in parallel fashion. C) rotate inward around the point where only capital is employed in production. D) shift inward in parallel fashion.
A government-sponsored good is one that
A. the political process has determined is socially desirable. B. is desirable to no one but ruled desirable by the court system nonetheless. C. freely competitive markets have determined is socially desirable. D. everyone agrees is socially desirable.
Describe some of the gains from lowering trade barriers that may be difficult to measure
What will be an ideal response?
If the MPS is 0.25, then the multiplier is 4.
Answer the following statement true (T) or false (F)