Suppose you purchase a new home for $75,000, making a down payment of 20% and taking out a mortgage on the balance
What is the return on your investment in your home if one year later the price of the home increases by 5%? What if the price of the home decreases by 5%?
If the price of the home increases by 5%, the return on investment is $3,750 / $15,000 = 0.25, or 25%.
If the price of the home decreases by 5%, the return on investment is -$3,750 / $15,000 = -0.25, or -25%.
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As the economy enters a strong expansion in which real GDP increases, which of the following occurs?
A) The demand for money decreases and there is a movement upward along the demand for money curve. B) The demand for money increases and there is a movement downward along the demand for money curve. C) The demand for money curve shifts rightward. D) The nominal interest rate falls as the demand for money curve shifts leftward. E) The demand for money curve shifts leftward.
If M were 10,000, P were 10, and Q were 5,000, how much would V be?
What will be an ideal response?
The benefit valuations generated by the dopamine system are cognitively generated.
Answer the following statement true (T) or false (F)
Refer to the above table. Demand is least price elastic at a price of
A. $7.50. B. $10.00. C. $5.00. D. $7.00.