Mutual funds
a. provide diversification. Shareholders assume all of the risk associated with the mutual fund.
b. provide diversification. Government insurance eliminates the risk of mutual fund shareholders.
c. do not provide diversification. Shareholders assume all of the risk associated with the mutual fund
d. do not provide diversification. Government insurance eliminates the risk of mutual fund shareholders.
a
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Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs), which were returning an annual rate of return of 5%
He thinks the credit freeze is over and stock markets are headed up, but ends up losing 40% in his first year of investing. What was Mr. Jones's rate of economic profit? A) 5% B) 35% C) -35% D) -40% E) -45%
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.