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Chapter (s) 13 & 15

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1.
10 points
Technological unemployment—a concept associated with the _________________.
2.
10 points
By the end of 2001, the recession in the U.S. was over, and output growth was positive in 2002 and 2003. But unemployment continued to increase. This is called the _________________.
3.
10 points
______________________ IS the risk that the issuer of the bond will not pay back the full amount promised by the bond.
4.
10 points
Government bonds are bonds issued by businesses.
5.
10 points
Bond ratings are issued by Equifax Credit Reporting Agency.
6.
10 points
Corporate bonds are bonds issued by the government.

7.
10 points
The risk premium is the difference between the interest rate paid on a given bond and the interest rate paid on the bond with the ___________________________.
8.
10 points
Maturity, the length of time over which the bond promises to make payments to the holder of the bond.
9.
10 points
Churning is the term used to describe how new techniques of production require new skills and make old skills less useful.
10.
10 points
________________ is when new goods are developed, making old ones obsolete, new techniques of production are introduced.
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