Hector puts $150 into an account when the interest rate is 4 percent. Later he checks his balance and finds he has about $168.73 . How long did Hector wait to check his balance?

"Sin taxes," such as taxes on alcoholic beverages, are intended to

A) generate funds to aid in the medical care of those harmed by the product. B) reduce the quantity demanded. C) generate money to subsidize production of the products taxed. D) increase the amount of the products supplied.

Which of the following contributed to the weak recovery from the 2008-2009 recession?

a. the restrictive monetary policy followed by the Fed b. constant policy changes that created uncertainty and thereby retarded private business investment c. sharp reductions in federal spending that were designed to achieve a balanced federal budget d. failure to run budget deficits that were large enough to exert an impact on aggregate demand