If the nominal interest rate is 8.25% and inflation rate is 3%, the real interest rate is ________
A) 5.25% B) 2.75% C) 1.25% D) 11.25%
A
You might also like to view...
To calculate the ________ of an alternative, an individual needs to estimate ________ of the alternative
A) marginal benefit; total cost B) marginal cost; total benefit C) opportunity cost; total benefit D) net benefit; both cost and benefit
Say's law says that
A) consumption is greater than supply. B) desired expenditures always equal actual expenditures. C) people produce the goods they consume. D) people consume the goods they produce.
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with ________.
a. distinctive trade-offs and risks b. exchange rate policy c. monetary policy d. the tools of demand and supply
If the government cuts taxes, then it has undertaken:
A. both a policy change and a regime change. B. a policy change. C. a regime change. D. neither a policy change nor a regime change.