If savers require a 2% return and inflation is expected to be 3%, what approximate rate will banks offer savers?
A) 1%
B) 3.2%
C) 5%
D) 6%
C
Economics
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Explicit costs are nonmonetary costs
Indicate whether the statement is true or false
Economics
Ending the "Great Inflation" era in the 1970s is an example of
A) inflation targeting. B) exchange rate targeting. C) central bank independence. D) appointment of a more conservative central banker. E) all of the above.
Economics
An increase in the money ________ shifts the LM curve to the ________, causing the interest rate to fall and output to rise, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
Economics
Total fixed costs:
A. are zero when no output is produced. B. are positive even when no output is produced. C. increase as output increases. D. decrease as output increases.
Economics