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Author Question: Mary has 1,000 and is considering purchasing a 1,000 bond that pays 7 percent interest per year. ... (Read 105 times)

ishan

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Mary has 1,000 and is considering purchasing a 1,000 bond that pays 7 percent interest per year. Mary decides not to buy the bond and holds the 1,000 as cash.
 
  If the inflation rate is 4 percent, the opportunity cost of holding the 1,000 as money is
  A) 40.00. B) 30.00. C) 70.00. D) 110.00. E) 100.00.

Question 2

One school of thought that emphasizes the role that taxes play in an economy's supply of output is known as
 
  A) classical economics. B) tax-and-spend economics.
  C) demand-pull economics. D) supply-side economics.


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tkempin

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ishan

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


hramirez205

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Reply 3 on: Yesterday
Excellent

 

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