Suppose that you have $100 today and expect to receive $100 one year from today. Your money market account pays an annual interest rate of 25%, and you may borrow money at that interest rate. Suppose that you borrow $60 and spend $160 today. After you repay your loan one year from today, how much money will you have available for consumption one year from today?

a. $0
b. $25
c. $50
d. $75

Economics

What arguments can be made for government regulation of concentrated markets? What arguments can be made against such government regulation?

What will be an ideal response?

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Economics

Whether or not a reduction in the budget deficit is a pro-growth measure depends on how the budget deficit shrinks

a. True b. False

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Economics