If the real interest rate is 5 percent and the inflation rate is 2 percent, then the nominal interest rate is 7 percent
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
What function is money playing in each of these situations: a. You walk into a store in Germany and see that all the prices are in euros. b. You buy a candy bar for $1.25. c. Your Aunt Jane keeps $100 bills tucked into many books in her house
What will be an ideal response?
The European Union antitrust law focuses on which of the following?
A) efficiency B) the leveling of the competitive playing field C) furthering the social interest D) the means to monopolize a market
Which of the following best describes the production function?
(a) TP = (Land, Labour, Capital, Savings). (b) TP = f (Land, Labour, Capital, Savings). (c) TP = (Land, Labour, Capital, Enterprise). (d) TP = f (Land, Labour, Capital, Enterprise).
How do we adjust a current-period market graph to incorporate user costs?
a. Subtract the user costs from the supply curve b. Add the user costs to the supply curve c. Subtract the user costs from the demand curve d. Add the user costs to the demand curve e. Add the user costs to both the supply curve and the demand curve