The nominal interest rate is the sum of the
A. real interest rate and the historic rate of inflation.
B. real interest rate and the expected rate of inflation.
C. historic rate of inflation and the expected rate of inflation.
D. expected rate of inflation and the rate of price level increase.
Answer: B
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A(n) ________ is a subsidiary of a U.S. bank that is engaged primarily in international banking
A) Edge Act corporation B) Eurodollar agency C) universal bank D) McFadden corporation
A shift to the left of a supply curve is caused by:
What will be an ideal response?
Historically, the government has used fiscal policy to affect the economy through
A. central planning. B. indicative planning. C. aggregate demand. D. aggregate supply.
The marginal cost of an activity ________ as you do more of it
A) increases B) decreases C) doesn't change D) changes only if the marginal benefit of the activity does not change E) changes only if the marginal benefit of the activity changes