The payment of interest not only on the original deposit, but on all previously accumulated interest is called::
A. compound interest.
B. conflict of interest.
C. simple interest.
D. the nominal interest rate.
Answer: A
Economics
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The long-term trend in the United States is for markets to become more oligopolistic over time
Indicate whether the statement is true or false
Economics
In the graph showing the Phillips curve from 2006 to 2016, we can see that during the period following the 2008 financial crisis, the Phillips curve ______.
a. shifted considerably to the left
b. shifted considerably to the right
c. fluctuated wildly
d. remained fairly stable
Economics