If the nominal interest rate is higher than the inflation rate, the value of your savings:

A. should remain about the same.
B. cannot be assessed without knowing the beginning balance of savings.
C. will decrease.
D. will increase.


Answer: D

Economics

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Jose pays a tax of $24,000 on his income of $60,000 . while Richard pays a tax of $3,000 on his income of $30,000 . This tax is:

a. a flat tax. b. progressive. c. proportional. d. regressive.

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Define the marginal tax rate

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Externalities can be produced by ____________, as well as ____________.

A. individuals; firms B. market prices; market incomes C. oceans; streams D. none of these answer options are correct.

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