If a bond is sold in the secondary market,
a. the issuing firm is buying back its own bond
b. the issuing firm does not obtain any part of the price
c. the seller remits a portion of the price to the issuing firm
d. the yield must be insufficient to justify sale on the primary market
e. the seller is the issuing firm
B
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If the economy has an MPC of 0.8, by how much will a $50 billion increase in government purchases increase GDP? By how much will a $50 billion increase in taxes decrease GDP?
What will be an ideal response?
Eliminating price supports for all US agricultural producers will hurt the farmers who cultivate products that have
A) a high own price elasticity of demand and a high price elasticity of market supply. B) a high own price elasticity of demand and a low price elasticity of market supply. C) a low own price elasticity of demand and a high price elasticity of market supply. D) a low own price elasticity of demand and a low price elasticity of market supply.