Higher interest rates
A. Raise the present value of future payments.
B. Lower the future value of current dollars.
C. Reflect a higher opportunity cost of money.
D. Result in a higher risk premium.
Answer: C
Economics
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Fiscal policy that occurs naturally without the need for legislation is known as:
A. lag-free automatic fiscal policy. B. monetary policy. C. targeted fiscal policy. D. an automatic stabilizer.
Economics
Cartels persist despite laws against them because
A) international cartels are legal. B) it is impossible to convict firms. C) of the Prisoners' Dilemma issue. D) All of the above.
Economics