If the interest rate is 10%, the current market value of $1 to be delivered in one year is
A. $0.91.
B. $0.99.
C. $1.00.
D. $1.10.
Answer: A
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When the labor market is at full employment
A) real GDP equals potential GDP. B) the price level is stable. C) the price level equals the potential price level. D) the short run aggregate supply curve is horizontal.
A market basket:
A. is a tool devised to track how changing prices affect consumers. B. includes all the goods and services produced in an economy. C. includes all the goods and services consumed in an economy, including imports. D. includes all the goods and services consumed in an economy, including net exports.
Which of the following was not a cause of the Great Recession?
a. The relaxation of banking rules and regulations that permitted speculation. b.Government incentives to increase home ownership. c. Government encouragement of creative home-buying strategies. d. Relaxation of bank underwriting standards. e. All of the above were causes of the Great Recession.
One of the usual policy changes included in an International Monetary Fund prescription is
A. changes in fiscal policy to reduce the government budget deficit. B. decreased regulation of public sector enterprises. C. temporary cartels in domestic product markets. D. increased barriers to imports.