The present value of $500,000 in 4 years at 7 percent interest is approximately:
A. $381,448.
B. $655,398.
C. $344,682.
D. None of these statements is true.
A. $381,448.
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A movement along the demand curve for toothpaste would be caused by
A) a change in population. B) a change in the price of toothbrushes. C) a change in consumer income. D) a change in the price of toothpaste.
Policymakers focus on marginal tax rate changes when making changes in the tax code because the marginal tax rate
A) determines how tax revenue will change as national income increases. B) determines how much revenue the government will have to spend. C) always equals the average tax rate which is harder to measure. D) affects people's willingness to work, save, and invest.
In which model does there not exist a tradeoff between higher inflation and lower unemployment?
a. monetarist b. real business cycle c. new classical d. classical e. a tradeoff exists in all of the above
A(n) _____ implies an increase in human capital
a. addition of a new machine that laborers use in production b. increase in wealth c. more educated labor force d. increase in the number of schools in a country e. increase in the quantity of the capital used by a firm