Suppose the actual inflation rate is less than the anticipated inflation rate. Given this information, we know with certainty that the real rate of interest
A) is negative.
B) is more than the nominal rate of interest.
C) equals the nominal rate of interest.
D) none of the above (i.e., more information is needed to answer this question).
D
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Among the sources of economic inefficiency are all of the following EXCEPT
A) price regulations. B) rapid technological change. C) monopoly. D) taxes and subsidies.
Which of the following provides health-care coverage to people age 65 and over?
A) Medicaid B) Social Security C) Medicare D) Health-Aid
The U.S. Department of Agriculture defines the official poverty level as
a. the bottom 10 percent of the income distribution b. the poorest 2 million households c. income less than $15,000 d. income equal to three times the estimated cost of a nutritionally adequate diet e. being unemployed for more than two months
Variations in the standard of living across countries is due almost entirely to differences in each nation's total output of goods and services
a. True b. False Indicate whether the statement is true or false