The value of a loan of $100,000 after a year at 5 percent interest is:
A. $105,000.
B. $5,000.
C. $95,000.
D. None of these is true.
Answer: A
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Compared with fiscal policy, monetary policy is:
a. more depenent on congressional actions b. quicker and easier to implement c. slower and more cumbersome to implement d. more likely to produce an offsetting net export effect
We observed that the price of a good rises and the quantity purchased also rises. Everything else being equal, it is consistent that
A. the price of a substitute good fell. B. the price of a complement rose. C. income rose. D. costs of inputs increased.
During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result
A) the labor force participation rate rose. B) the unemployment rate rose. C) the unemployment rate fell. D) the labor force participation rate fell.
The ranking of the size of tax revenues received by the federal government (from highest to lowest) would be corporate taxes, income taxes, and Social Security payroll taxes.
Answer the following statement true (T) or false (F)