Diminishing marginal returns means that aggregate production function is

a. linear
b. downward sloping
c. upward sloping
d. concave
e. convex

D

Economics

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An interest rate swap involving the exchange of floating-rate obligations for fixed-rate obligations is known as

A) swaption. B) swap option. C) forward swaps. D) plain vanilla.

Economics

The federal debt is the

A. yearly federal tax revenues minus the yearly federal expenses. B. amount towed to the federal government by other countries. C. total amount owed to the public by the federal government. D. same as the federal deficit.

Economics