If a savings account pays 7% interest, then according to the rule of 70 how long will it take for the account balance to double?

Approximately 10 years

Economics

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Employers verify the facts of potential employees' resumes to avoid

A) signaling. B) screening. C) cheap talk. D) moral hazard.

Economics

Using an aggregate demand graph, illustrate the impact of an increase in the interest rate

What will be an ideal response?

Economics