Which expression is used to calculate the future value of an amount of money?
A. Present Value x (1 + interest rate)time
B. Present Value/(1 + interest rate)time
C. Present Value x (1 + time)interest rate
D. (1 + interest rate)time/Present Value
A. Present Value x (1 + interest rate)time
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Refer to the diagram. If labor is the only variable input, the marginal product of labor is at a:
A. maximum at point a.
B. minimum at point a.
C. maximum at point b.
D. minimum at point b.
Natural pollutants
a. are those contaminants that are linked to human activity b. include such contaminants as lead and carbon monoxide c. are the same as anthropogenic pollutants d. are those arising from nonartificial processes in nature
Under the original Clayton Act, which of the following was not illegal?
a. Charging different prices for the same product. b. Exclusive dealer agreements. c. The purchase of the stock of a rival firm that lessens competition. d. The purchase of the assets of a rival firm that lessens competition.
Suppose the expected price level increases. Which curves in the aggregate demand and aggregate supply model would be affected, and which way would they shift?