Refer to the scenario above. What will be the future value of the deposit after 1 year?
A) $8,420
B) $8,480
C) $8,640
D) $8,820
C
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If wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to
a. 12 percent. b. 9 percent. c. 6 percent. d. 3 percent.
Given the possible strategies listed below, design the best plan for increasing the country's future standard of living. i. build new factories ii. print money iii. develop new production technology iv. sacrifice consumer goods for capital formation iv. tighten immigration policy v. produce only enough capital goods to replenish depreciation.
A. i, ii, and iii only B. i, iii, and iv only C. ii, iv, and v only D. i, ii, iii, iv, and v
An international financial crisis is
A. when a major bank defaults. B. when a world leader is deposed from office. C. the rapid withdrawal of foreign investments and loans from a nation. D. when at least one developing country defaults on its loans.
Refer to the information provided in Figure 28.6 below to answer the question(s) that follow.
Figure 28.6Refer to Figure 28.6. Panel C represents the typical shape of the
A. short-run Phillips curve. B. long-run Phillips curve. C. short-run aggregate supply curve. D. short-run aggregate demand curve.