A "junk bond" is a bond with a
A) low yield to maturity.
B) value of zero.
C) low face value, but high coupon rate.
D) high default risk.
E) very low maturity.
D
Economics
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Real GDP measures the
A) total profits earned by all businesses valued using prices from a single year. B) changes in the prices of output measured in dollars. C) general upward drift in prices. D) value of total production linked to prices of a single year.
Economics
Andrew's utility of wealth schedule is given in the above table. The table indicates that his marginal utility of wealth ________ as his wealth increases
A) diminishes B) is constant C) increases D) increases first and then diminishes
Economics