When interest rates in the economy fall, the prices of previously issued bonds
a. must fall.
b. must change, but may either rise or fall.
c. must rise.
d. may remain unchanged.
c
Economics
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In a market economy, ________ interact in markets to decide the answers to the fundamental economic questions
A) state and local governments B) large corporations C) households and firms D) the judicial and legislative branches of the federal government
Economics
Like the monopolist, the monopolistically competitive firm:
A. faces a downward sloping demand curve. B. is a price taker. C. sets the price where marginal cost equals marginal revenue; the demand curve doesn't matter. D. All of these statements are true.
Economics