Debt is a financial position where you have made a financial obligation and the only way you have to pay for it is from money you have yet to earn.
Indicate whether the statement is true or false
Ans: True
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For many goods, the price elasticity of demand increases over time after a price hike because
A) consumer incomes tend to increase over time. B) inflation increases all prices and incomes over time. C) the ability to find good substitutes for the product whose price rose increases over time. D) All of the above answers are correct.
If you are to receive a payment of $200 at the end of the first year and a payment of $250 at the end of the second year and the market interest rate is 5 percent, the present value of this income stream is
a. $400.37 b. $417.23 c. $450.00 d. $475.37 e. $490.13
If nominal GDP is $7,700 billion and M1 is $1,000 billion, then velocity is
a. 10.7. b. 7.7. c. 7.1. d. 7.0.
Suppose the aggregate price level in France is 120, the aggregate price level in Canada is 100, and the real exchange rate between these two countries is 5 . The number of Euros per Canadian dollar is _____
a. 2.5 b. 3.2 c. 6 d. 2.4