If the real interest rate is 2 percent and inflation rate is 1 percent, what is the nominal interest rate?
A. 1 percent
B. 0 percent
C. 2 percent
D. 3 percent
Answer: D
Economics
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If the price of product X falls and this change increases the demand for product Y, then
A) X and Y are complements. B) X and Y are substitutes. C) X is an inferior good. D) Y is an inferior good.
Economics
What are the fundamentals of Coasian reasoning?
Economics
Changes in technology can increase labor productivity without there being any change in capital stock
Indicate whether the statement is true or false
Economics
Which of the following is not one of the ways that banks reduce transaction costs for creditworthy borrowers?
a. coping with asymmetric information b. increasing risk through diversification c. enforcing loan contracts d. These are all ways banks reduce transaction costs
Economics