A decrease in interest rates:
A. Raises the present value of a future amount
B. Lowers the present value of a future amount
C. Raises the future value of a present amount
D. Has no effect on present or future amount
A. Raises the present value of a future amount
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Distinguish the current account from the financial account
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What problem are mechanism designers attempting to overcome when they "design mechanisms" to provide public goods?
What will be an ideal response?
The mean (average) income of 25 employees working in a firm is $1,754 per month. What is the total income of all the employees?
A) $40,000 B) $43,850 C) $56,225 D) $63,950
If an economy operates below potential income, the actual deficit is:
A. larger than the structural deficit. B. comparable to the structural deficit. C. smaller than the structural deficit. D. the same as the structural deficit.