If interest rates increase, the present value of a given payment in the future will
A) cause an inflation. B) remain the same. C) increase. D) decrease.
D
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Suppose the government abolished the minimum wage law and the law that requires union wage rates to be paid on all government contract jobs. We would expect to see
A) a recession. B) the duration of unemployment to increase. C) a decline in the natural rate of unemployment. D) an increase in claims for unemployment benefits.
Activities that encourage faster growth are
A) high levels of consumption and low levels of savings. B) high levels of saving and investment in human capital. C) imposing trade barriers to limit international trade and thereby protect national industries. D) limiting property rights so that everyone can use any invention. E) taxes on saving that serve to encourage more spending and less saving.
Why does the model of perfect competition imply that firms will produce the products that households want the most?
What will be an ideal response?
This table shows individual demand schedules for a market. Price of GoodBarney's DemandBetty's Demand$0.002023$0.501818$1.001611$1.50148$2.00126$2.50105According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 11 B. 16 C. 30 D. 46