The present discounted value of a future payment becomes smaller when
A) the nominal interest rate decreases.
B) the payment is made sooner rather than later.
C) the payment itself decreases.
D) all of the above
E) none of the above
C
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One of the reasons communism failed was because:
a. governments ran out of money. b. workers received the same pay whether or not they worked hard. c. there was no unemployment. d. Mao Zedong passed away. e. technological improvements were impossible in a communist economy.
After falling form a peak of 138.1 million in January 2008 to a trough of 129.9 million in September 2010, employment in the U.S. economy:
A. just reached its January 2008 peak in April 2013. B. had only recovered to 135.5 million by April 2013. C. recovered for a year, only to decline further by April 2013. D. rose to over 140 million by April 2013.