What does the maturity of a bond indicate?

The date at which the bond is paid off.

Economics

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“The more progressive a tax system, the greater is the economy’s built-in stability.” Explain this statement for both recessionary and peak phases of the business cycle.

What will be an ideal response?

Economics

As output rises,

A. both marginal revenue product and marginal physical product rise. B. both marginal revenue product and marginal physical product fall. C. marginal revenue product rises and marginal physical product falls. D. marginal revenue product rises and marginal physical product rises.

Economics