If the interest rate is 11%, $1500 received at the end of 12 years is worth how much today?
a. 1500(1+0.11)^12
b. 1500/(1 +0 .11)^12
c. 1500/(1 + 11)^12
d. 1500
A
Economics
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In the Keynesian world a rising real money supply causes GDP to __________ by __________ the real interest rate which causes a(n) __________ in investment
A) increase; increasing; increase B) increase; decreasing; increase C) decrease; increasing; increase D) decrease; increasing; decrease
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Every day, we make many choices. We can't avoid having to make choices because _______.
a. Our wants exceed the resources available to satisfy them.
b. We cant find enough things to do to fill our day
c. There is too much variety
d. There is too much available
e. There are too many TV channels
Economics