If the interest rate is 15%, the current market value of $1 to be delivered in one year is
A. $0.87.
B. $0.91.
C. $1.00.
D. $1.15.
Answer: A
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The evidence on mergers occurring within the hospital industry suggests that
A) efficiency gains that resulted have been passed on to customers through lower prices. B) the mergers have tended to not have any significant effect on hospital prices. C) prices have risen slightly as some efficiency gains are passed on to customers after mergers. D) prices have risen after mergers.
If Howard takes out a $400 loan for one year at 5 percent interest annually, he will pay back a total of:
A. $420. B. $400. C. $440. D. $20.
An open market ________ by the Fed decreases interest rates and ________ investment
A) sale; decreases B) purchase; decreases C) purchase; increases D) sale; increases
When there is extremely high and volatile inflation in an economy, the decision-making of firms leads to a very ________ SAS curve and thus relatively ________ cycles in real GDP
A) steep, mild B) steep, violent C) flat, mild D) flat, violent