A share of stock expected to pay an annual dividend of $12 forever has a market price of __________ when the Treasury bond rate is 6.5% and the stock has a risk premium of 4.5%

Loans are examples of a bank's

A) balance sheet. B) assets. C) liabilities. D) net worth.

The time necessary to put a desired policy into effect once economists and policymakers acknowledge that the economy is in an expansion or a recession is called a(n): a. recognition lag

b. implementation lag. c. operational lag. d. administrative lag.