Which bond is likely to have higher interest rate due to a higher default risk?
a. A share of stock issued by Apple.
b. A corporate bond issued by Apple.
c. A junk bond.
d. A U.S. government bond.
c
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A decrease in wealth ________ consumption expenditure and ________
A) increases; shifts the consumption function upward B) increases; shifts the consumption function downward C) decreases; results in a movement downward along the consumption function D) decreases; shifts the consumption function downward E) decreases; shifts the consumption function upward
Inequality in the distribution of income in the United States today arises primarily from
A) the collapse of the government's income support system. B) the highly unequal distribution of corporate wealth. C) the tax system. D) the weakness of labor unions. E) unequal abilities to supply valuable human services.