Which of the following changes would decrease the present value of a future payment?
a. a decrease in the size of the payment
b. an increase in the time until the payment is made
c. an increase in the interest rate
d. All of the above are correct.
d
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In the above figure, what price will a single-price monopoly set?
A) P1 B) P2 C) P4 D) P5
All of the following are government purchases except
A) the salary paid to Senator John Cornyn of Texas. B) the presidential pension paid to former President George H.W. Bush. C) the purchase of a new office building for the CIA. D) the purchase of new radar tracking equipment for the Navy.
In a typical business cycle, what stage immediately follows a peak?
(A) Contraction (B) Expansion (C) Growth (D) Trough
A decrease in net taxes at a given price level leads to
A) no change in aggregate demand. B) an increase in aggregate demand. C) a decrease in aggregate demand. D) a decrease in aggregate supply.