At an interest rate of 3%, what is the present value of $1000 to be received five years from now?
A) $863
B) $1,667
C) $1,159
D) $850
A
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
To say that a price floor is binding is to say that the price floor
a. results in a shortage. b. is set below the equilibrium price. c. causes quantity supplied to exceed quantity demanded. d. All of the above are correct.
Resource prices will fall and short-run aggregate supply will increase if
What will be an ideal response?
Which of the following examples would most likely enable a landlord to raise the rent for a rent-controlled apartment?
a. Cockroaches invest the apartment’s kitchen. b. The U.S. cost of living increases by 5 percent in one month. c. The pipes for the apartment’s kitchen sink spring a leak. d. The rents in a nearby apartment building increase.