A painting is currently worth 100,000, and is expected to maintain its real value for three years. The real interest rate is expected to remain constant at 10. What is the present value of the painting's expected price at the end of the third year?
A) 75,131
B) 88,899
C) 96,153
D) 100,000
E) 70,000
Question 2
Suppose there is a simultaneous fiscal expansion and monetary contraction. We know with certainty that
A) output will increase.
B) output will decrease.
C) the interest rate will increase.
D) the interest rate will decrease.
E) both output and the interest rate will increase.
History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
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Rudy Burckhardt, Jackson Pollock painting No. 32, 1950.
Joan Miró, Painting.
Climate change occurs over millions of years