In a command economy, the ultimate decision about what to produce is left to

If the interest rate is 5%, what is the present value of a security that pays you $1, 050 next year and $1,102.50 two years from now? If this security sold for $2200, is the yield to maturity greater or less than 5%? Why?

What will be an ideal response?

Say's Law states that

A. Increased prices lead to increased supply. B. Shifts of either supply or demand can achieve a given market equilibrium. C. Supply creates its own demand. D. Wages and prices are inflexible, which prevents the achievement of market equilibrium.