"The price level may fall but it will not necessarily lower the interest rate, not if we are in a liquidity trap." This is a statement a __________ economist might make as an explanation of why the economy __________ pull out of a recession

If most firms in an industry are earning a 7 percent rate of return on their assets, but your business is earning 9 percent, your rate of economic profit is

a. minus 2 percent. b. 2 percent. c. 9 percent. d. 16 percent.

Buyers and sellers in the foreign exchange market negotiate an exchange of

A. foreign banks. B. foreign stocks. C. foreign government bonds. D. currencies of various countries.