A person's wealth is the total value of all the things they own.
Answer the following statement true (T) or false (F)
False
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Which of the following represents the correct formula for present value?
A) Present value = Payment T periods from now × (1 + interest rate)T B) Present value = Payment T periods from now - (1 + interest rate)T C) Present value = Payment T periods from now + (1 + interest rate)T D) Present value = Payment T periods from now / (1 + interest rate)T
Stock prices start to rise
A) when investors begin to expect an economic recovery will soon begin. B) when the unemployment rate begins to decline following a recession. C) when investors are confident that the economy is more than 6 months into an economic recovery. D) when investors believe an economic recovery has already begun.
When the output of an economy exceeds the economy's full-employment capacity,
a. aggregate supply will increase until the economy can produce the output at the existing price level. b. the actual rate of unemployment will be less than the natural rate. c. wage rates and resource prices will tend to fall. d. interest rates will decline and help direct the economy back to full employment.
How do recent current account deficits compare to GNP and to past ratios?
What will be an ideal response?