If you own a bond with a six percent coupon rate and new bonds are paying six percent, what will happen to your bond's market price?

According to the Keynesian model, the short-run aggregate supply (SRAS) curve is horizontal when

A) prices react to an aggregate demand shock but real Gross Domestic Product (GDP) does not. B) there are no unemployed resources and wages do not change when prices change. C) there are unemployed resources and prices do not fall when aggregate demand falls. D) real Gross Domestic Product (GDP) is at full capacity but prices are not flexible.

Suppose that labor is mobile between sectors but that capital and land are specific. Then labor will tend to benefit from trade when:

a. it spends a large amount of its income on the imported good. b. it spends a large amount of its income on the exported good. c. wages do not change much in percentage terms. d. all of these occur.