It would be irrational to promise to make an infinite number of payments in exchange for a finite amount of goods.
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Q2: Deficit spending by the government is unwise,because
Q3: Treasury bills are sold at face value
Q4: A borrower sells bonds,and a lender buys
Q5: A perpetuity is a bond with an
Q6: No one benefits when interest rates rise,because
Q8: Future productivity increases will be reflected in
Q9: Artists as a whole would be better
Q10: Firms have an incentive to practice planned
Q11: The present value of a perpetuity falls
Q12: A bond that promises a series of
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