Which of the following is not a type of bond?
a. income bond
b. convertible bond
c. junk bond
d. wayward bond
e. none of these
d. wayward bond
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Which of the following leads to an increase in real GDP?
A) a decrease in the inflation rate in other countries relative to the inflation rate in the United States B) a decrease in interest rates C) a decrease in government spending D) Households have increasingly pessimistic expectations about future income.
You know an economist has crossed the line from scientist to policy adviser when he or she
a. claims that the problem at hand is widely misunderstood by non-economists. b. talks about the evidence. c. makes normative statements. d. makes a claim about how the world is.
An overvalued dollar makes U.S
A) imports rise in price. B) exports rise in price. C) monetary policy expansionary. D) fiscal policy contractionary.
Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is
A) 3. B) 1. C) 0.33. D) 1.33.