If you agree to a long-term loan at a specified nominal rate of interest and inflation turns out to be higher than was anticipated,
A) the nominal rate of interest falls.
B) the nominal rate of interest rises.
C) the real rate of interest falls.
D) the real rate of interest rises.
C
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Currently, the supply curve for human organs is perfectly inelastic
a. True b. False Indicate whether the statement is true or false
When OPEC raised the price of oil, it created a:
A. demand-pull inflation. B. cost-push inflation. C. demand-push inflation. D. cost-pull inflation.
If a rent ceiling is set ________ the equilibrium price, the effect can result in a housing ________
A) below; surplus B) below; shortage C) above; shortage D) above; surplus E) equal to; surplus
Which of the following will not cause the labor demand curve to shift to the right?
A) a technological improvement that increases labor productivity B) an increase in human capital in the labor force C) an increase in the market wage rate D) an increase in the price of the firm's product