If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?
A) $112,125.40
B) $109,582.03
C) $110,250.00
D) $110,408.08
D) $110,408.08
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What is partial equilibrium analysis?
What will be an ideal response?
Active macroeconomic policy would move to close an expansionary gap by decreasing aggregate demand
a. True b. False Indicate whether the statement is true or false
The fact that severe fluctuations in inflation and unemployment are socially undesirable helps make the case for
a. a "hands off" policy by the government. b. fixed prices and wages. c. active government stabilization policy. d. restrictions on imports from low wage countries.
A bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150 . If customers deposit $50 into the bank, what is the value of the money supply?
a. $50 b. $100 c. $150 d. $200