Which of the following is a leading business cycle indicator?
a. The unemployment rate.
b. The volume of outstanding commercial loans.
c. New building permits.
d. Personal income.
c
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As noted in the text, the major Japanese auto manufacturers agreed to "voluntary" import restrictions that reduced the number of cars they could ship to the U.S. market in the 1980s
One of the key outcomes from this policy is that the Japanese manufacturers were able to: A) focus on more profitable auto markets in other countries. B) raise their prices of autos in the U.S. market and capture higher profit margins on the imported cars. C) cut their costs by more than the import tariff, so profit per auto increased. D) all of the above
If the annual interest rate is 0%, the net present value of receiving $550 in the next year is:
a. $550 b. $551. c. $549 d. $500