Proponents of the real business cycle model argue that the short-run aggregate supply curve is

A) flat. B) negatively sloped. C) positively sloped. D) vertical.

D

Economics

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Suppose you purchase a one-year bond that has a $450 coupon and a face value of $5,000, and immediately after you purchase the bond, new bonds are issued that are otherwise identical, except they have coupons of $375

If you sell your bond, you will A) suffer a loss of $5.76. B) suffer a loss of $412.84. C) receive a gain of $69.77. D) receive a gain of $418.60.

Economics

A system of exchange rate determination with no central bank intervention is a

a. fixed exchange rate system. b. flexible exchange rate system. c. floating exchange rate system. d. either a flexible or a floating exchange rate system.

Economics