At which interest rate is the present value of $183.60 two years from today equal to about $173.06 today?
a. 2 percent
b. 3 percent
c. 4 percent
d. 5 percent
b
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Describe the four stages of the financial regulatory pattern
What will be an ideal response?
Which of the following explains why a $100 billion reduction in consumption spending might decrease equilibrium real GDP by more than $100 billion?
a. Say's law. b. The quantity theory of money. c. Flexible resource prices. d. The multiplier principle.
The Federal Reserve can tightly control
a. cash in the hands of the public b. cash in the hands of the public and demand deposits c. demand deposits d. funds in savings accounts and checking accounts e. borrowing by the government
In a market, a distortion does not exist if
A. the social marginal benefit is less than the social marginal cost. B. the social marginal benefit is equal to the social marginal cost. C. the social marginal benefit is greater than the social marginal cost. D. the private marginal benefit is greater than the social marginal benefit.