If actual experience supports two competing theories, then both theories are proven to be true
Indicate whether the statement is true or false
False. Neither theory can be rejected, but if they are competing, then the test was inconclusive.
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The bid price for a bond is
A) the minimum price that you are allowed to bid for a bond that is being auctioned by the government. B) the maximum price that you are allowed to bid for a bond that is being auctioned by the government. C) the price that you will receive from a securities dealer if you sell the bond. D) the price that you must pay a securities dealer to purchase a bond.
If the public expects the incumbent administration to stimulate the economy shortly before an election:
a. the unemployment rate will fall at the cost of higher inflation. b. the economy will move up the short-run Phillips curve. c. lower inflation will prevail, and the rate of unemployment will remain unchanged. d. the economy will immediately move up the long-run Phillips curve. e. neither inflation nor the unemployment rate will change.