Refer to Table 12.1. The nominal interest rate for the United States is
A) -0.25%.
B) 0.25%.
C) 2.15%.
D) It cannot be determined from the information provided.
B
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Compared with a system of fixed exchange rates, currency unions have the disadvantage of
A. requiring every country to share a common fiscal policy. B. decreasing the sacrifice ratio. C. allowing exchange rates to float. D. requiring all its members to share a common monetary policy.
Consider two similar economies hit by the same temporary negative supply shock. In the economy with the more credible monetary policy, there will be ________
A) smaller increases in both inflation and the real interest rate B) a smaller increase in inflation and larger increase in the real interest rate C) a smaller increase in inflation and larger decrease in output D) a smaller increase in output and larger increase in the real interest rate
When you go to a grocery store, most candy bars of a given size sell for virtually the same price. Can we conclude that this is evidence of collusion on the part of candy bar manufacturers?
For a given seller, the accompanying figure shows the relationship between the number of units produced and the opportunity cost of producing an additional unit of output. As the market price of this good increases, the quantity produced by this seller will ________.
A. increase B. stay the same until the price rises above $6 per unit, and then it will increase C. decrease D. stay the same