【单选题】According to the liquidity premium theory of the term structure,
A.
the interest rate on long-term bonds will equal an average of short-term interest rates that people expect to occur over the life of the long-term bonds plus a liquidity premium.
B.
buyers of bonds may prefer bonds of one maturity over another, yet interest rates on bonds of different maturities move together over time.
C.
even with a positive liquidity premium, if future short-term interest rates are expected to fall significantly, then the yield curve will be downward-sloping.
【单选题】Suppose the demand for macaroni is inelastic and the supply of macaroni is elastic, and the demand for cigarettes is inelastic and the supply of cigarettes is elastic. If a tax were levied on the sel...
A.
burden of both taxes would fall more heavily on the buyers than on the sellers.
B.
burden of the macaroni tax would fall more heavily on the sellers than on the buyers, and the burden of the cigarette tax would fall more heavily on the buyers than on the sellers.
C.
burden of the macaroni tax would fall more heavily on the buyers than on the sellers, and the burden of the cigarette tax would fall more heavily on the sellers than on the buyers.
D.
burden of both taxes would fall more heavily on the sellers than on the buyers.