Schyler is able to take out a loan for $3,000 for one year at an annual interest rate of 10 percent. After calculating her return to be $200, Schyler will realize she will:
A. lose $100 overall if she takes out the loan.
B. make $200 overall if she takes out the loan.
C. make $100 overall if she takes out the loan.
D. lose $200 overall if she takes out the loan.
A. lose $100 overall if she takes out the loan.
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The figure above shows the market for college education in the United States. If the government does not intervene in this market, the number of students going to college is ________ and the efficient number of students is ________
A) 13 million students per year; 16 million students per year B) 14 million students per year; 16 million students per year C) 10 million students per year; 14 million students per year D) 10 million students per year; 13 million students per year E) 14 million students per year; 10 million students per year
Ceteris paribus, the wages of clerks would increase if there was a decrease in: a. the period of training required for clerk jobs
b. non-monetary "fringe" benefits received by clerks. c. the marginal revenue product of clerks. d. the cost of medical insurance benefits paid to clerks.
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the
equilibrium quantity (Q) of X. Refer to the given information. Consumer expectations that the price of X will rise sharply in the future will: A. increase S, increase P, and increase Q. B. increase D, increase P, and increase Q. C. decrease S, increase P, and increase Q. D. increase D, decrease P, and increase Q.