The rule of 70 which predicts the time required for the economy of a nation to double, is based on the mechanism of:
a. compound interest
b. capital formation.
c. labor force productivity.
d. capital investments.
a
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Is there any difference between borrowing from the federal funds market and borrowing from the discount window? Explain
What will be an ideal response?
Textbook publishers hope to maximize profits. Authors, however, face very different incentives. Authors are typically paid royalties, which are a specified percentage of total revenue from the sale of a book
And so, for example, if an author's contract says that she will receive 20 percent of the revenues from the sale of a text and the publisher's total revenues are $100,000, the author's royalties will be $20,000 . Who will prefer a higher price for the text, the publisher or the author?
The aggregate supply curve shows how much the nation's businesses are willing and able to produce at each price level
a. True b. False Indicate whether the statement is true or false
During a recession, banks are likely to
A. experience a deficit. B. decrease deposits. C. hold excess reserves. D. Banks are likely to do all of these choices.