Tim put $275 in the bank one year ago and forgot about it. Today, the bank sent Tim a statement indicating that he now has $294.25 in his account. What interest rate did Tim earn?

Which of the following would indicate the beginning of a recessionary phase in an economy?

a. Many new firms starting up b. Stock prices improving c. Businesses slowing down d. Demand for real estate picking up e. Orders for new equipment increasing

Within the Keynesian model, the multiplier effect tends to

a. smooth out the up- and down- swings of the business cycle. b. promote price stability. c. magnify small changes in spending into much larger changes in output and employment. d. reduce the impact of an increase in investment on output and employment.