If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about
A) $6,944.
B) $14,400.
C) $383,376.
D) $261.
D
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The most basic premise of the aggregate expenditures model is that the
A. unemployment level in the economy is inversely related to the inflation rate. B. total output produced in the economy depends directly on the level of total spending. C. level of employment in the economy depends inversely on the real wage rate. D. total output produced depends mostly on the total capacity of firms to produce.
When foreign investors in Thailand began to realize that Thailand could not maintain its peg to the dollar indefinitely, they began to ________ in Thailand and exchange ________. This change in investment by foreigners is termed capital flight
A) purchase more investments; dollars for baht to purchase these investments B) sell off their investments; the dollars they received for baht C) purchase more investments; baht for dollars to purchase these investments D) sell off their investments; the baht they received for dollars
Costs that are not obvious at the start of a project are
a. variable costs b. semivariable costs c. fixed costs d. indirect costs e. hidden costs
Which of the following headlines would be more closely related to what macroeconomists study than what microeconomists study?
A) Avocado prices rise due to a late frost in California. B) The United Auto Workers sign a contract raising wages and benefits 7% over the next 3 years. C) Real GDP grows by 2.3% in the second quarter. D) Airlines raise ticket prices in response to rising fuel costs.