The higher the rate of inflation, the lower the:
A. real interest rate can fall.
B. real interest rate can fall, as long as it is positive.
C. nominal interest rate can fall.
D. nominal interest rate can fall, as long as it is positive.
Answer: A
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A microeconomist would study all of the following issues EXCEPT
A) the impact of a change in consumer income on the sales of corn. B) the impact of a snowstorm on the sales of snow shovels. C) the most efficient means for General Motors to produce an automobile. D) the effect of a change in income taxes on the nation's rate of unemployment.
Much of the responsibility for implementing and enforcing equal employment opportunity has been taken over by individuals and the courts
Indicate whether the statement is true or false
When the U.S. banking system collapsed during 1929-1933, the money supply declined dramatically
a. True b. False Indicate whether the statement is true or false
Explain why public goods can be classified as market failure? Explain what problem arises when public goods are produced?
What will be an ideal response?