If the nominal interest rate is 5 percent and the rate of inflation is 2 percent, then the real interest rate is()
A. 7 percent.
B. 3 percent.
C. 2.5 percent.
D. 4 percent.
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Crowding out occurs when investment declines because ()
A. a budget deficit makes interest rates rise.
B. a budget deficit makes interest rates fall.
C. a budget surplus makes interest rates rise.
D. a budget surplus makes interest rates fall.
If the interest rate is 7.5 percent, what is the present value of $4,000 to be received in 6 years()
A. $2,420.68
B. $2,591.85
C. $2,996.33
D. $3,040.63
Other things the same, when the interest rate rises, the present value of future revenues from investment projects()
A. rises, so investment spending rises.
B. falls, so investment spending rises.
C. rises, so investment spending falls.
D. falls, so investment spending falls.
If a person is risk averse, then she has()
A. diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases.
B. diminishing marginal utility of wealth, implying that her utility function gets steeper as wealth increases.
C. increasing marginal utility of wealth, implying that her utility function gets flatter as wealth increases.
D. increasing marginal utility of wealth, implying that her utility function gets steeper as wealth increases.
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