The real interest rate can be approximated by
a. adding the nominal interest rate and the inflation rate
b. subtracting the nominal interest rate from the inflation rate
c. adding last year's nominal interest rate to this year's
d. subtracting the inflation rate from the nominal interest rate
e. none of the above
D
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Which of the following appears in M2 and NOT M1?
A) checking account balances B) currency C) traveler's checks D) money market mutual funds
The U.S. economic data for the last 50 years indicates that
A) there is an inverse relationship between unemployment rate and inflation rate. B) there is a direct relationship between unemployment rate and inflation rate. C) during recessions the unemployment rate was always twice as high as the inflation rate. D) there has been no long-run relationship between unemployment and inflation rates.
Capital flight shifts the NCO curve to the left
a. True b. False Indicate whether the statement is true or false
The primary measure of a country's development is
What will be an ideal response?