4. You win $100 in a basketball pool. You have a choice between spending the money now...

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4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest.

What is the opportunity cost of spending the $100 now?

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Principles Of Macroeconomics

ISBN: 9780324171891

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 07:00 AM

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4. You win $100 in a basketball pool. You have a choice between spending the money now...

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Principles Of Macroeconomics

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