Which of the following statements is true?
A) Both nominal and real interest rates are procyclical and leading.
B) Both nominal and real interest rates are procyclical and lagging.
C) Nominal interest rates are procyclical and real interest rates are countercyclical.
D) Nominal interest rates are procyclical and real interest rates are acyclical.
D
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Contrary to the product market, in the currency market demand is positively sloped reflecting the greater speculative yield potential from high priced currencies
Indicate whether the statement is true or false
Changes in the money market have an impact upon the bond market
Indicate whether the statement is true or false
If a monopolistically competitive market became perfectly competitive, output probably would:
A. rise and then fall. B. fall. C. not change. D. rise.
The dominant school of economic thought until midway through the Great Depression of the 1930s was:
A. classical. B. Keynesian. C. monetarism. D. supply-side.