Interest is the:
A. price paid for the use of money.
B. opportunity cost of time.
C. expectation of a future return on investment.
D. reward for consuming rather than saving.
Answer: A
Economics
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Will a perfectly competitive firm ever produce in the short run even though it is incurring an economic loss?
What will be an ideal response?
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Which of the following best explains why the aggregate expenditure curve gets higher as the price level drops?
a. Purchasing power increases.
b. The economy moves closer to equilibrium.
c. Planned investment decreases.
d. Government purchases are falling.
Economics