The present value of a payment K that is schedule to be received t periods from now is
A) K - i / (1 + i)t. B) K / (1 - i)k. C) K / (1 + i)t. D) K / (K + i)t.
C
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What factor changes the quantity of real GDP supplied and results in a movement along the AS curve?
What will be an ideal response?
In general, activists are ________ about the ability of the economy to remain stable and non-activists are ________
A) pessimistic; optimistic B) optimistic; optimistic C) pessimistic; pessimistic D) optimistic; pessimistic
If the nominal rate of interest on a bond was 5 percent, the inflation rate was 3 percent and an individual was in a 25-percent tax bracket, the after-tax real return on the bond would be equal to
a. 2 percent. b. 2.5 percent c. .5 percent.. d. -.5 percent. e. none of the above.
The Keynesian approach to economic policy is also known as: a. supply-side economics. b. Classical economics
c. demand-side economics. d. mercantilism. e. laissez-faire.