If the expected inflation rate was 2.5%, the expected real interest rate was 4.0%, and the actual inflation rate turned out to be 3.2%, then the real interest rate equals
A. 3.2%.
B. 4.7%.
C. 3.3%.
D. 1.7%.
Answer: C
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Demand in the refreshment beverage market has been changing due to
A) changes in income. B) changes in taxes and subsidies. C) changes in the number of buyers. D) changes in tastes and preferences.
As you move down a demand curve, if a decrease in price from $11 to $9 increased total revenue, then further decreases below $9 would also increase total revenue
a. True b. False Indicate whether the statement is true or false
Activist capitalists who seek out or create earnings opportunities and assume risk, for which they receive profits, are called
A. rent seekers. B. entrepreneurs. C. muckrakers. D. marginalists.
An increase in frictional unemployment will
A) shift the long-run Phillips curve to the right. B) shift the short-run Phillips curve to the right. C) increase the natural rate of unemployment. D) All of the above are correct. E) None of the above is correct.