On the Internet you find the following offers for opening an online account. Which of them is the best offer if you have $5,000 to save for two years?
a. an interest rate of 5 percent, with the bank charging you a $50 processing fee at the time you open your account
b. an interest rate of 4 percent, with the bank giving you a $65 bonus at the time you open your account
c. an interest rate of 3.5 percent, with the bank giving you a $100 bonus to open your account
d. an interest rate of 4.5 percent, with no processing fee and no bonus
b
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People who are currently not working but are actively looking for work are officially classified as
A) employed and out of the labor force. B) unemployed and out of the labor force. C) employed and in the labor force. D) unemployed and in the labor force.
The AE curve illustrates the relationship between
A) real GDP and actual expenditure. B) the interest rate and aggregate planned expenditure. C) real GDP and the interest rate. D) aggregate planned expenditure and real GDP. E) the quantity of real GDP demanded and the price level.