A decrease in interest rates:
A. Raises the present value of a future amount
B. Lowers the present value of a future amount
C. Raises the future value of a present amount
D. Has no effect on present or future amount
A. Raises the present value of a future amount
Economics
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What are the factors that affect GDP according to the aggregate production function used by Solow?
What will be an ideal response?
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Economic data that are adjusted for price-level changes are said to be expressed in terms of
A. historical dollars. B. variable dollars. C. nominal dollars. D. real dollars.
Economics