Long- Run Increases in Real National Income Can Generally Be

question 61

Multiple Choice

Long- run increases in real national income can generally be traced to

• A)excess of demand in the labour market that increases employment.
• B)growing availability of factors and/or growing factor productivity.
• C)growing demand that lead to increases in output and prices.
• D)growing demand which causes continuous growth in consumer spending.
• E)growing supply because higher wages will increase the participation rate.

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Definitions:

Bond Investing

The process of investing in bonds, which are debt securities, to earn a return from interest payments and potential price appreciation.

Canada Call

A provision in some bonds that allows the issuer to redeem the bond early, specifically in the Canadian market.

Maturity Date

The specified date on which the principal amount of a bond or other debt instrument is due to be paid in full.

Default Probability

The likelihood that a borrower will be unable to make required debt payments, leading to a default.