Below are the titles of some recent research papers in economics. Which one is the LEAST likely to be in a macroeconomics journal?单项选择题

A

Measuring Market Power in the Ready-to-Eat Cereal Industry.

B

Long-run Growth Uncertainty.

C

The Transmission of Monetary Policy Shocks.

D

Unemployment Crises.

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Pedersen Industries wants to initiate a new project. To facilitate the project, an increase in cash of $20,000 will be required and the firm needs to build up $15,000 in inventory. The firm is expecting revenues of $500,000 per year and cost of goods sold (COGS) of $400,000. Pedersen Industries is expecting that Accounts Receivables (AR) will account for 5% of annual sales and Accounts Payables (AP) will account for 10% of COGS. All these changes will occur in year t=1. ​ What is the incremental cash flow effect from the change in Net Working Capital (NWC) in year 1?

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