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
Answer: C
Economics
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When an investor buys a corporate bond, the ________ is a loan to the corporation
A) principal of the bond B) bond's dividend payments C) interest on the bond D) coupon payment
Economics
Business cycle persistence refers to the property that
A) real GDP is rarely exactly at trend. B) booms and recessions last a long time. C) when real GDP is above trend, it tends to stay above trend, and when it is below trend, it tends to stay below trend. D) business cycles are persistently hard to predict.
Economics