If the interest rate is 7.5 percent, then what is the present value of $4,000 to be received in 6 years?

The advantage of automatic stabilizers is that they

A) reduce the fluctuations in the business cycle. B) help to balance the budget. C) reduce the size of the net public debt. D) help reduce the inflation rate.

Refer to Figure 17-2. Suppose the market price of bracelets falls to $2. What happens to the curve given in the diagram?

A) The curve shifts to the left. B) Nothing, because labor's productivity has not changed. C) There will be a movement along the curve. D) We cannot answer the question without knowing if Becca would want to hire more workers.