The difference between the yield on 3-month Treasury bills and 10-year Treasury notes is largest typically during:
A) recessions
B) expansions
C) periods of high inflation
D) when the yield curve is inverted
A
Economics
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As we observe the cost curves graph, we see that the
A) MC curve intersects the ATC curve at its maximum. B) MC curve cannot be U-shaped. C) ATC curve always has a negative slope. D) MC curve intersects the AVC curve and ATC curve at their minimums. E) MC constantly falls as output increases.
Economics
Which statement is true of an exogenous variable in an economic model?
A) It has no direct relation to the endogenous variables. B) Its value within the model cannot be changed. C) It is often a policy variable. D) It is explained inside the model. E) All of the above.
Economics