If the annual interest rate is 0%, the net present value of receiving $550 in the next year is:

When the money market is drawn with the value of money on the vertical axis, an increase in the money supply causes the equilibrium value of money

a. and equilibrium quantity of money to increase. b. and equilibrium quantity of money to decrease. c. to increase, while the equilibrium quantity of money decreases. d. to decrease, while the equilibrium quantity of money increases.

When a producer can control the market price for the good it sells, the producer

A. Is certain to make a profit. B. Is an entrepreneur. C. Has market power. D. Is a perfectly competitive firm.