The advertised interest rate is the
A. expected rate of inflation.
B. nominal interest rate minus the expected rate of inflation.
C. real interest rate.
D. nominal interest rate.
Answer: D
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If consumers paid the full price of medical services instead of using health insurance and third-party payers to cover part of the cost, the quantity of medical services provided would decrease
Indicate whether the statement is true or false
The air we breathe is essential, yet a tax on air is not feasible for all the following reasons except
a. a lack of public support for the tax b. the demand for air is elastic c. non-taxpayers could breathe d. citizen could move away from taxed regions e. it would require a tyrannical leader/government
Capital flight raises both a country's exchange rate and its interest rate
a. True b. False Indicate whether the statement is true or false
During the depths of the Great Depression the United States' official unemployment rate reached ________ percent.
A. 15 B. 20 C. 25 D. 30