In the two-period model, a higher real interest rate
A. increases the present value of income.
B. causes the budget constraint to rotate in a counterclockwise direction.
C. makes households that had initially planned to save better off.
D. makes households that had initially planned to borrow better off.
Answer: C
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The ?nal step of the re?ective approach to problem-solving is
A) implement the solution B) consider possible solutions C) select a solution D) follow-up on the solution
Frank Corporation purchased supplies at a cost of $15,000 during 2015 . At January 1, 2015, supplies on hand were $2,000 . At December 31, 2015, supplies on hand are $2,500 . Calculate supplies expense for 2015
a. $ 15,500 b. $ 14,500 c. $ 15,000 d. $ 17,000
Caitlyn thinks she is capable of taking on the challenges that work brings her. She enjoys her job however, she fears that she is not going to be able to complete her presentation for next week’s meeting. Caitlyn has ______.
A. high self-esteem and high self-efficacy B. low self-esteem and high self-efficacy C. high self-esteem and low self-efficacy D. low self-esteem and low self-efficacy
If the net present value of an investment is negative, then:
A) the actual rate of return is less than the discount rate. B) the actual rate of return is more than the discount rate. C) the actual rate of return is negative. D) the discount rate is negative.