As of October 2012, the value of currency in circulation was about
A) $1.1 billion.
B) $11 billion.
C) $1.1 trillion.
D) $11 trillion.
C
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It is often stated that the Japanese firms develop and adapt new technology to manufacturing process twice as fast as U.S. firms. If this is true, ceteris paribus, we would conclude that the
A) depreciation rate of capital does not change, but the user cost of capital increases. B) depreciation rate of capital increases, but the user cost of capital decreases. C) depreciation rate of capital increases, and the user cost of capital increases. D) U.S. interest rate is too high, preventing American manufacturers from adopting new technologies.
Suppose the interest rate is 3% and that you are to receive three annual payments of $1,000, with the first payment today, the second payment one year from now, and the third payment two years from now. What is the present value of this stream of payments?
Why is deflation such a problem for consumption and investment?
A. It increases the rate of both. B. It causes firms and households to spend more. C. It slows both. D. It slows investment while simultaneously increases consumption.
Which of the following statements is a positive economic statement?
A. The U.S. tax system always gives too much favor to rich people. B. The President's budget included an increase in unemployment insurance payments. C. The Congress should pass the president's tax package. D. None of these