Discounting is the process whereby
A) present values are adjusted to their future value, using the interest rate.
B) future values are converted to their value today, using the interest rate.
C) product prices are reduced (discounted) to increase sales and profits today.
D) future values are adjusted for inflation.
B
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For the recessions in the United States since the 1950s,
A) unemployment falls on average by 2 percentage points during the 12 months after a recession begins. B) unemployment rises on average about 5 percentage points during the 12 months after a recession begins. C) cyclical unemployment has been non-existent. D) unemployment rises on average by about 1.2 percentage points during the 12 months after a recession begins.
The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will not even cover half of the true cost of the ACA
Indicate whether the statement is true or false