If the expected inflation rate was 2.5%, the expected real interest rate was 4.0%, and the real interest rate turned out to be 5.1%, then the nominal interest rate equals
A. 1.4%.
B. 6.5%.
C. 2.6%.
D. 1.5%.
Answer: B
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a. It already is a consumption tax. b. Flatten the brackets into one rate. c. Exclude the first $25,000 of income. d. Allow unlimited contributions into IRAs
The coefficient of determination measures the proportion of the variation in the independent variable that is "explained" by the regression line
a. true b. false
If an Industry consists of two large firms, it is known as a(n)
a. monopoly b. perfect competition c. monopolistic competition d. natural monopoly e. duopoly
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