A publisher is deciding whether or not to invest in a new printer. The printer would cost $500, and it would increase cash flows by $600 for the next two years. What is the present value of the cash flows from the investment?

Many auction markets

a. are perfectly competitive because they involve an identical or nearly identical commodity, many buyers, and because the seller has no influence over the price b. are monopolistic because there is only one seller c. exist only on the Internet, because of the difficulty of assembling all buyers in a single location d. are controlled and run by governments e. involve numerous firms, none of which is large enough to influence the market price

A recession is a period during which

a. aggregate demand, production, and unemployment rises. b. aggregate demand, production, and unemployment falls. c. aggregate demand, production, and unemployment remain the same. d. aggregate demand and production rises while unemployment remains the same. e. aggregate demand and production falls while unemployment rises.