In the space provided in the graph above, draw a perfectly elastic demand curve D1, and a very elastic demand curve, D2.
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Using this consumption function, autonomous consumption is
A) $0. B) between $1 and $2 trillion. C) more than $2 trillion and less that $5 trillion. D) more than $5 trillion and less than $8 trillion. E) more than $8 trillion.
What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent?
A) $453.51 B) $500.00 C) $476.25 D) $550.00
Susan put $375 into an account and one year later had $405 . What interest rate was paid on Susan's deposit?
a. 5 percent b. 7 percent c. 8 percent d. 10 percent
By looking at the graph showing the poverty rate from 1959 to 2016, you can see that ______.
a. 2016 has the highest rate on record
b. rates have risen steadily since 1959
c. the overall rate is much lower than it was in 1959
d. rates were increasing rapidly in 2016