Currently, a three-year Treasury note pays 4.75%. Assuming that your tax rate is 20%, what is the minimum interest rate that you would you need to earn on a tax-free municipal bond in order to buy it instead?

Comparative advantage means the ability to produce a good or service

A) at a higher profit level than any other producer. B) at a lower selling price than any other producer. C) of a higher quality than any other producer. D) at a lower opportunity cost than any other producer.

A decrease in aggregate demand causes a decrease in ________ only in the short run, but causes a decrease in ________ in both the short run and the long run

A) the price level; real GDP B) the price level; the price level C) real GDP; real GDP D) real GDP; the price level