Other things constant, an increase in the real interest rate will Question 1 options: cause consumers to reduce their purchases of durable items like appliances and automobiles. induce businesses to increase their level of investment. make borrowing money more attractive. increase the natural rate of unemployment.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience

Why is efficiency an important economic goal?

Here are the expected cash flows for three projects: cash flows (dollars) project year: 0 1 2 3 4 a − 6,100 + 1,275 + 1,275 + 3,550 0 b − 2,100 0 + 2,100 + 2,550 + 3,550 c − 6,100 + 1,275 + 1,275 + 3,550 + 5,550 a. what is the payback period on each of the projects? b. if you use a cutoff period of 2 years, which projects would you accept?