If the interest rate is 11%, $1500 received at the end of 12 years is worth how much today?
a. 1500(1+0.11)^12
b. 1500/(1 +0 .11)^12
c. 1500/(1 + 11)^12
d. 1500
A
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Which of the following occurred during and following the 2008-2009 recession?
a. Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks. b. The Federal Reserve more than doubled the size of the monetary base. c. The federal budget deficit expanded to approximately 10 percent of GDP. d. All of the above are true.
Progressive taxation serves which of the following goals of economic welfare policy?
A. Economic growth B. Redistribution of wealth C. Progressive taxation has all of these goals aimed at reducing inequality. D. Social insurance
At an output of one, variable cost is the same as __________.
Fill in the blank(s) with the appropriate word(s).
Regulations can address
A) social issues. B) economic issues. C) social and economic issues. D) international affairs.