Critics of the unconventional monetary policies in 2009 and 2010 argued that by deciding which financial institutions would fail and which would not, the Fed was assuming authority that rightfully belonged to

A bond that provides no interest payments but instead is issued at a value that is lower than its face value is called:

a. a no-interest bond. b. a load-free bond. c. a no-load bond. d. a zero-coupon bond. e. a coupon bond.

If an industry's long-run per-unit costs are constant as its output increases then

A) the firm's long-run economic profits must be greater than zero. B) the firm is most likely a decreasing-cost industry. C) the firm is most likely an increasing-cost industry. D) the firm is most likely a constant-cost industry.