What is the present value of $100 three years from now at an interest rate of 6%?

Unemployment insurance payments act as automatic stabilizers by:

a. allowing for more consumer spending during prosperity. b. making the unemployment rate worse during a recession. c. allowing for more consumer spending during a recession. d. changing the Phillips curve to a Laffer curve.

The U.S. economy in 2009 was characterized by an excess level of output. This corresponds to a recessionary gap

a. True b. False Indicate whether the statement is true or false