What is the present value of $100 two years from now at an interest rate of 6%?
A. $106
B. $6
C. $94.34
D. $89
Answer: D
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The production possibilities frontier can show a manufacturer’s possible combinations of output resulting from the combination of two goods.
Answer the following statement true (T) or false (F)
The government deficit is equal to
A) new money created minus new borrowing from the public. B) new borrowing from the public plus new money created. C) new borrowing from the public divided by new money created. D) new borrowing from the public minus new money created.
In the new Keynesian model, if an aggregate demand increase is unanticipated, then ________
A) aggregate demand will not change B) short-run aggregate supply will shift up immediately C) short-run aggregate supply will shift down immediately D) there is no immediate effect on the short-run supply curve
The concept of economies of scope describes the savings acquired from simultaneous production of different products
a. True b. False Indicate whether the statement is true or false