The "primary" market is the market for
A) hostile takeovers.
B) newly-issued securities.
C) equities of "blue chip" companies.
D) league tables.
B
Economics
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When output is below its full-employment level, the short-run aggregate supply will shift down and to the right because
A) the expected price level will be below the actual price level. B) workers' wages will decline. C) prices of nonlabor inputs will rise. D) workers' wages will rise.
Economics
As the marginal propensity to consume (MPC) increases, the spending multiplier:
a. increases. b. decreases. c. remains constant. d. becomes indefinable.
Economics