Suppose a one-year discount bond offers to pay $100 in one year and currently sells for $99. Given this information, we know that the interest rate on the bond is

A trade policy designed to alleviate some domestic economic problem by exporting it to foreign countries is know as a(n)

A) international dumping policy. B) countervailing tariff policy. C) beggar thy neighbor policy. D) trade adjustment assistance policy. E) redistribution quota policy.

Along an IS curve as interest rates __________, income must be __________ so that saving, which is a positive function of income, can be lower to equal the smaller level of investment

A) decline; lower B) decline; higher C) increase; lower D) increase; higher