Given a nominal interest rate of 8 percent, in which of the following cases would you earn the highest after-tax real interest rate?
a. Inflation is 5 percent; the tax rate is 40 percent.
b. Inflation is 4 percent; the tax rate is 30 percent.
c. Inflation is 3 percent; the tax rate is 45 percent.
d. Inflation is 2 percent; the tax rate is 50 percent.
d
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The shift of the short-run Phillips curve in the figure above is the result of
A) an increase in the natural unemployment rate. B) a decrease in the expected inflation rate. C) a decrease in the actual inflation rate. D) an increase in the expected inflation rate. E) a decrease in the natural unemployment rate.
Beginning in 2008, The Federal Reserve and the U.S. Treasury Department responded to the financial crisis by intervening in financial markets in unprecedented ways. Briefly summarize the actions of the Fed and Treasury
What will be an ideal response?
If H represents the number of hours spent on an activity, then which of the following could represent a marginal cost function?
A. 100H - 20H2 B. 100H + 20H2 C. -100H - 20H2 D. -100H + 20H2
A monopoly faced with the possibility that another firm may enter is a(n):
A. natural monopoly. B. competitive monopoly. C. insecure monopoly. D. oligopolistic monopoly.