Economists believe that most people's actions are rational and purposeful, not random and chaotic
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose you use the rate of inflation as the interest rate for determining the present value of $1. What would the present value of $3,000 received in three equal yearly payments be if the current rate of inflation is 3.5% and increases by 15 basis points each year?
What will be an ideal response?
Which is true?
a. M1 has been decreasing over the past six months b. The US dollar has value because it is accepted as payment for goods and services c. the US dollar is backed by US gold reserves d. all
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. Suppose the economy is at Point A and the cost of inputs is fixed. A decrease in government spending could move the economy to Point
A. E. B. B. C. C. D. D.
A bank is in the position to make loans when required reserves:
A. Equal actual reserves B. Equal excess reserves C. Are less than actual reserves D. Are greater than actual reserves