What is the future value of $100 in 2 years that earns an annual interest rate of 5 percent?
A) $110.41
B) $102.25
C) $110.25
D) $105.50
C) $110.25
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Assume both the demand for bagels and the supply of bagels increase. Which of the following outcomes is certain to occur?
A. The equilibrium quantity of bagels will rise. B. The equilibrium quantity of bagels will fall. C. The equilibrium price of bagels will rise. D. The equilibrium price of bagels will fall.
Briefly discuss the relationship between leakages and the size of the multiplier
What will be an ideal response?
Which of the following, necessarily, equals zero when the firm's short-run output level is zero?
a. sunk costs b. fixed costs c. implicit costs d. variable costs e. opportunity costs
Refer to the accompanying figure. If the government imposed a price ceiling of $40, what would happen in this market?
A. There would be excess supply. B. The equilibrium quantity would fall. C. The price ceiling would have no effect. D. There would be excess demand.