Which of the following best expresses the proceeds a lender receives from a one-year simple loan when the annual interest rate equals i?
A. FV/i
B. PV/i
C. PV(1 + i)
D. PV + i
Answer: C
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The short-run market supply curve is
a. the horizontal summation of each firm's short-run supply curve. b. the vertical summation of each firm's short-run supply curve. c. the horizontal summation of each firm's short-run average cost curve. d. the vertical summation of each firm's short-run average cost curve.
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
Suppose the consumer price index (CPI) for a given year is 150 . This means the rate of inflation for the given year is 50 percent
a. True b. False Indicate whether the statement is true or false
A depreciation of one's currency means that:
a. the country's exports will become more expensive. b. the country's imports will become more expensive. c. the country's imports will become less expensive. d. it now requires less of this currency in exchange for one unit of another currency. e. it now requires more units of other currencies in exchange for one unit of this currency.