How does stock differ from flow?
A. A flow concept is a value at a point in time, while a stock concept has meaning over a specified period of time.
B. A flow concept has meaning over a specified period of time, while a stock concept is a value at a point in time.
C. The do not differ; both flow and stock concepts are values at a point in time.
D. They do not differ; both flow and stock concepts have meaning only over a specified period of time.
Answer: B
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Which of the following long-term bonds has the highest interest rate?
A) corporate Baa bonds B) U.S. Treasury bonds C) corporate Aaa bonds D) municipal bonds
To determine short-run equilibrium in the economy, we use an aggregate supply curve that is:
a. downward-sloping. b. vertical. c. upward-sloping. d. horizontal. e. parabolic.