Zoey wants to have about $750,000 when she retires in 10 years. She has $300,000 to deposit now. At which of the following interest rates would Zoey's deposit come closest to $750,000 after 10 years?
a. 9.6 percent
b. 9.9 percent
c. 10.2 percent
d. 10.5 percent
a
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An economy characterized by high unemployment is likely to be
A. having a recessionary expenditure gap. B. having an inflationary expenditure gap. C. experiencing hyperinflation. D. experiencing a high rate of economic growth.
Which of the following will cause the demand curve for a normal good to shift to the right?
a. a decrease in income b. an increase in the price of a complementary good c. a decrease in the price of the good d. an increase in the price of a substitute good e. an expectation of a future price decline
By about 1973, U.S. policymakers had learned that
a. there is no trade-off between inflation and unemployment in the short run. b. there is no trade-off between inflation and unemployment in the long run. c. Friedman's analysis of inflation and unemployment had been correct, and Phelps's analysis of inflation and unemployment had been incorrect. d. Phelps's analysis of inflation and unemployment had been correct, and Friedman's analysis of inflation and unemployment had been incorrect.
A game in which firms act together to increase their mutual payoff is called a ______.
a. non-cooperative game b. binding contract c. cooperative game d. payoff matrix