Because the Open-Economy Macroeconomic Model Focuses on the Long Run

question 277

Multiple Choice

Because the open-economy macroeconomic model focuses on the long run, it is assumed that

• A)GDP, but not the price level is given.
• B)the price level, but not GDP is given.
• C)both the price level and GDP are given.
• D)the price level and GDP are variables to be determined by the model.

Understand how interest compounding frequency affects the future value of investments.

Understand and apply the concept of present value to determine the current worth of future cash flows.

Calculate average rates of return on investments over different periods.

Apply interest rate formulas to calculate future values of investments and savings.

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