The payment of interest not only on the original deposit, but on all previously accumulated interest is called::
A. compound interest.
B. conflict of interest.
C. simple interest.
D. the nominal interest rate.
Answer: A
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The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT
A) the capital stock. B) technological progress. C) money wage rates. D) the price level.
If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased. b. the value of foreign exchange has decreased. c. fewer U.S. dollars are required to purchase foreign exchange. d. more U.S. dollars are required to purchase foreign exchange. e. exports will immediately fall.
When average total cost is above marginal cost, average total cost is rising
a. True b. False Indicate whether the statement is true or false
A firm will ________ at the output where marginal cost increases
A. begin to experience increasing returns B. start to experience losses C. begin to experience diminishing returns D. become profitable