If the real interest rate is 4 percent and the nominal interest rate is 7 percent, this implies an expected inflation rate of
A) 3 percent. B) 4 percent. C) 5.5 percent. D) 11 percent.
A
You might also like to view...
Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
Fill in the blank: A productive service is a ________ service
A) supplied B) demanded C) technically efficient D) marketed
Federal budget deficits are often increased by supply-side policies because of their reliance on
a. income tax cuts. b. income tax increases. c. increased government spending. d. decreased government spending.
The best definition of GDP is
A. A physical measure of the capital stock of the economy. B. The sum of the physical amounts of goods and services in the economy. C. A dollar measure of final output produced during a given time period within a nation's borders. D. A measure of the per capita economic growth rate of the economy.