The ________ interest rate equals the ________ interest rate minus ________.
What will be an ideal response?
real; nominal; the inflation rate
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Refer to Figure 12-9. At price P3, the firm would produce
A) Q2 units B) Q3 units. C) Q4 units. D) Q5 units.
In regression analysis, the explanatory variables
A) are always price and income. B) are the variables whose variations are to be explained. C) are the factors that are thought to affect the dependent variable. D) are used to explain the random error term.
A decrease in currency in circulation combined with an equal increase in savings account deposits would: a. increase both M1 and M2
b. increase M1 but have no effect on M2. c. decrease both M1 and M2. d. decrease M1 but have no effect on M2.
The process by which new products and methods of production are continuously replacing old ones is known as
a. the invisible hand principle. b. the production possibilities frontier. c. creative destruction. d. the fallacy of composition.