The most that someone would pay today to receive a certain sum at some point in the future is known as
A. the interest rate.
B. economic profit.
C. future value.
D. present value.
Answer: D
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An industrial union is a union composed of
A. workers in numerous occupations but working in the same industry. B. workers in manufacturing industries, rather than in the commercial, service, or government sectors. C. workers sharing a similar industrial job. D. high-wage workers.
The duration of a recession is measured from:
A. trough to peak. B. trough to trough. C. peak to trough. D. peak to peak.
Increased investment spending in the economy would be a possible result of:
A. an increase in interest rates. B. an open market purchase of bonds by the Fed. C. an open market sale of bonds by the Fed. D. a decrease in the money supply.
Velocity is calculated as nominal GDP/money stock
a. True b. False Indicate whether the statement is true or false