If the interest rate is 10% then the net present value of these cash flows is

For market prices that are below the shut-down point of every firm in the market, the short-run market supply curve

a. slopes upward b. slope downward c. follows the horizontal axis d. rises at a 45-degree angle e. follows the vertical axis

The Fed's monetary target shifted in the late 1980s and 1990s when the

a. Fed's focus shifted from the interest rate to the money supply to counter persistent high inflation b. Fed used its discretion to make the money supply conform to a targeted interest rate c. Fed realized that higher interest rates could not stimulate investment, aggregate demand, and real GDP d. Fed became less concerned about inflation and worried more about recession e. Fed abandoned its no-new-taxes pledge