In the 1950s the Interest Rate on Three-Month Treasury Bills

question 87

Multiple Choice

In the 1950s the interest rate on three-month Treasury bills fluctuated between 1 percent and 3.5 percent;in the 1980s it fluctuated between ________ percent and ________ percent.

• A)5;15
• B)4;11.5
• C)4;18
• D)5;10

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Definitions:

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Market Price

The ongoing price level for buying or selling goods or services in a market setting.

Long-run Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that suppliers are willing to produce, taking into account adjustments in all factors of production.

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