If the annual interest rate is 8%, what would you expect to pay for a bond paying a lump sum of $10,000 in ten years?

Constant returns to scale (CRS) implies that when the firm ________

A) doubles all inputs, output more than doubles B) doubles all inputs, output doubles C) doubles all inputs, output increases by less than 100 percent D) doubles all inputs, output remains constant E) none of the above

Suppose that the banking system currency has no excess reserves and that a bank receives a deposit into a checking account of $10,000 in currency

If the required reserve ratio is 0.20, what is the maximum amount that the BANKING SYSTEM can lend out? A) $8,000 B) $10,000 C) $40,000 D) $50,000