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Word Bank Matching (Use the drop-down for each question. Nowords in the word bank are...

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Economics

Word Bank Matching (Use the drop-down for each question. Nowords in the word bank are repeated in an answer): Positive Rate ofTime Preference; Interest Rate; Discount Rate; Present Value;Future Value; Pure Economic Rent Money in the present day is notthe same as equal amounts of money in the future (even afteraccounting for inflation). This is why economists use a(n)

?

to think about how much present money would be worth in thefuture and

a(n)?

to consider how much future money would be worth in the presentday thote: these two terms are often interchangeable for ourpurposes)

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