An inverted yield curve is a downward-sloping yield curve that indicates that short-term interest rates are generally higher than long-term interest rates

Why are historical episodes valuable to economists?

a. They allow economists to see how far the discipline has evolved. b. They allow economists to evaluate economic theories of the present. c. Hindsight is always 20/20. d. It is easier to evaluate a past situation than to predict a future situation.

A captive customer is most likely to ________

A) have a low purchase amount B) recommend a brand or company to others C) have a weak product preference D) have a high customer loyalty index E) have a high desire to repurchase