If the government's spending exactly equals its revenues during a budget year, that government is
A) running a budget deficit.
B) experiencing a budget surplus.
C) balancing its budget.
D) paying off its public debt.
C
Economics
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A one-year bond has an interest rate of 3% and is expected to fall to 2.5% next year and 2% in two years. The term premium for a two-year bond is 0.3% and for a three-year bond is 0.5%
What are the interest rates on a two-year bond and three-year bond according to the liquidity premium theory?
Economics
To maximize profit, a perfectly competitive firm that decides not to shut down will choose the rate of output at which
a. price is highest b. price minus average total cost is maximized c. price equals marginal cost d. total revenue is maximized e. average total cost is minimized
Economics