The net present value of $1,000 received at a time in the future would
a. decline if the $1,000 were received sooner.
b. increase if the delivery date for the $1,000 were set farther into the future.
c. increase if the interest rate rose.
d. increase if the interest rate fell.
D
Economics
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The period from 2000 to 2010
A) was a period of high productivity growth. B) was a period with negative productivity growth, because of the Great Recession. C) was a period of zero productivity growth. D) was a period of low productivity growth, almost as bad as the period 1970-1980.
Economics
Refer to the above figure. A price ceiling has been set at P1, and a black market has opened. The equilibrium black market price will be
A) below P1. B) between P1 and P3. C) above P3. D) P2.
Economics