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When Economists View Technological Change as Internal to the Economy

question 80

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When economists view technological change as internal to the economy, they mean that it

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, accounting for interest payments and its current market price.

Rate Of Return

The accumulation or declination in an investment's value over an agreed period, indicated as a percentage of the investment’s beginning price.

Coupon Bond

A bond that pays the holder a fixed interest payment (coupon) at regular intervals until maturity, when the principal amount is reimbursed.

Accrued Interest

Interest that has been earned but not yet received or paid out, often relevant in bond investments and loans.

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