Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present.
B) The dollar today can be immediately used to buy something.
C) A dollar a year from now will likely have less purchasing power because of inflation.
D) all of the above
D
Economics
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Historically, the largest U.S. federal budget deficits as a percentage of GDP in the 20th century occurred during
A) the Great Depression. B) the Vietnam war. C) World War I and World War II. D) 1970-1997. E) 1998-1999.
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Supplier power is high when
a. Suppliers are concentrated b. The inputs provided are critical c. The inputs provided are unsubstitutable d. All of the above
Economics