If you are faced with the choice of receiving $500 today or $800 6 years from today, you will be indifferent between the two possibilities if the interest rate is 8.148 percent
a. True
b. False
Indicate whether the statement is true or false
True
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The above figure shows the total revenue curve for Dizzy Discs. The demand curve for CDs sold by Dizzy Discs
A) has negative slope. B) has positive slope. C) is horizontal. D) is vertical.
The figure below shows the market for computers in a small importing country. Dd and Sd are the domestic demand and supply curves of computers, respectively.
The imposition of a tariff on computers caused the surplus of the domestic producers to ________ by
A. rise; $44 million. B. fall; $48 million. C. rise; $20 million. D. rise; $800,000.
Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on the chain-weighted price index for GDP) was 11 percent. How fast did real GDP grow over this period?
What will be an ideal response?
An example of a supply shock could be ________
A) a technological innovation B) a natural disaster C) an oil price increase D) all of the above E) none of the above