The longer you have to wait to receive a payment,
A) the lower the interest rate you will charge on the payment.
B) the more you are willing to discount the payment.
C) the greater value it will have to you.
D) the less value it will have to you.
D
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Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to AD2. In the long run
A) real GDP will be Y1, and the price level will be above P2. B) real GDP will be between Y1 and Y2, and the price level will be between P1 and P2. C) real GDP will be Y2, and the price level will be P2. D) real GDP will be Y1, and the price level will be P1.
Refer to the scenario above. Recently, the government has imposed a tariff on the import of some cash crops. Which of the following is likely to happen in this case?
A) The domestic consumers of these crops will be better off. B) The government's revenue is expected to fall. C) The volume of imports is likely to increase. D) The domestic producers of these crops will be better off.