Business, 20.01.2021 21:00 wickedskatboarder
What economic problem would be solved by taking money out of circulation (away from people)? What would the Fed do to contract the money supply? What is a contractionary action Congress could take? Why do these contractionary actions help with this problem?
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You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
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