African countries contain a third of the world's population and over half of the world's extreme poverty
Indicate whether the statement is true or false
F
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Suppose the inflation rate in Zlanaga has shown an upward trend during the last five years, increasing from 5 percent to 10 percent. To combat inflation, the central bank of the country is likely to: a. lower the discount rate
b. decrease the reserve requirements. c. insure the deposits of customers. d. sell government bonds.
The best measure of a country's living standard is______
a. real gdp per capita b. average annual investments c. CPI-based inflation rates d. the minimum wage
Which of the following is incorrect?
A. The nominal interest rate is the rate of interest expressed in terms of current dollars. B. The real interest rate is the rate of interest expressed in terms of dollars of constant or inflation-adjusted value. C. The nominal interest rate is the real interest rate less the rate of inflation. D. During periods of inflation, the nominal interest rate will exceed the real interest rate.
If OPEC raises the price of oil and production costs increase, this may cause
A. Demand-pull inflation. B. Super-pull inflation. C. Cost-push inflation. D. Hyperinflation.