Suppose the interest rate is 5 percent. Which of the following payment options has the highest present value today?
a. $550 one year from today.
b. $580 two years from today.
c. $600 three years from today.
d. $615 four years from today.
b
Economics
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When the price of apples is $3 per bushel, and the quantity demanded is 1,000 bushels,
A) consumers need 1,000 bushels. B) consumers plan to purchase a total of 1,000 bushels. C) both A and B are true. D) none of the above is true.
Economics
Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant
A) decrease in oil prices. B) increase in labor productivity. C) increase in inflation. D) decrease in real GDP.
Economics