If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits or withdrawals, how much will Kelly have in her account at the end of 5 years?
A. $14,000.
B. $14,482.
C. $14,693.
D. $15,000.
Answer: C
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When the government develops policies to stabilize the economy
A) only expansionary fiscal policy is impacted by the multiplier effect. B) only contractionary fiscal policy is impacted by the multiplier effect. C) these policies are unaffected by the multiplier effect. D) it needs to consider the multiplier effect for all fiscal policies.
In the 1990s, the Monks of St. Benedict's the Monks determined that their ________ were ________ in the egg and cookie business, so they ________ .
A) opportunity costs; too low; switched to providing private retreats B) opportunity costs; too high; switched to providing private retreats C) profits; too high; went out of business D) operating costs; too low; opened a new business
The terms "saving" and "savings" differ in that
A. saving is a stock, and savings are a flow. B. savings can be negative, but saving cannot. C. savings are a stock, and saving is a flow. D. saving always exceeds savings.
The aggregate consumption function is C = 100 + 0.8Yd. If income is $600 and net taxes are zero, consumption equals
A. zero. B. 360. C. 460. D. 580.