If you win $1 million in a lottery and are paid in installments,
a. the future value of these payments is $1 million
b. the present value of these payments equals $1 million if the interest rate is zero
c. the present value of these payments equals $1 million if the interest rate is 10 percent annually
d. the present value of the payments exceeds $1 million if the interest rate is positive
e. the future value of the payments is less than $1 million if the interest rate is negative
B
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One of the shortcomings of the activist approach is the difficulty in correctly identifying the economy's potential output level and the natural rate of unemployment
Indicate whether the statement is true or false
Which of the following is included in the Pig Book?
a. New federal laws that serve only a local purpose b. Government programs that were recently expanded c. Legislators who regularly skip Senate hearings d. Judges who uphold questionable legislation