$115$

Multiple Choice

$1$ point

$$500$ invested at an annual interest rate of $8$ percent will be worth how much at the end of one year?

$$508$

$$504$

$$540$

$$580$

$116$

Multiple Choice $1$ point

An investment's average expected rate of return is the

simple average of the rates of return of all similar investments.

probability$-$weighted average of the investment's possible future rates of return.

simple average of the investment's possible future rates of return.

probability$-$weighted average of all past rates of return.

$117$

Multiple Choice $1$ point

In the extended analysis of aggregate supply, the short$-$run aggregate supply curve is

upsloping and the long$-$run aggregate supply curve is vertical.

horizontal and the long$-$run aggregate supply curve is vertical.

vertical and the long$-$run aggregate supply curve is horizontal.

horizontal and the long$-$run aggregate supply curve is upsloping.