A firm should hire workers up to the point where

I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 8 percent. If I hold this bond to maturity, then my return on this asset is

A) 10 percent. B) 8 percent. C) 12 percent. D) there is not enough information to determine the return.

In the United States, the long-run inflation rate can be expressed simply as the growth rate of money

A) plus the long-run growth rate of velocity. B) minus the long-run growth rate of velocity. C) plus the long-run growth rate of real GDP. D) minus the long-run growth rate of real GDP.