The value of a loan of $100,000 after a year at 5 percent interest is:
A. $5,000.
B. $95,000.
C. $105,000.
D. None of these is true.
C. $105,000.
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According to Romer
A) capital drives economic growth. B) invention drives economic growth. C) government drives economic growth. D) ideas drive economic growth.
Refer to the scenario above. What is the present value of the gift voucher for Susan?
A) 30 utils B) 45 utils C) 90 utils D) 180 utils
Refer to Figure 10.9. Other things equal, a decrease in the nominal money supply by the Fed is best represented as a change in equilibrium from
A) point A to point B. B) point A to point D. C) point C to point B. D) point C to point D.
Unplanned inventory increases: a. tend to result in an increase in income
b. tend to result in an increase in real output. c. result in an increase in production. d. signal that demand was weaker than expected.