The real rate of interest
A) is equal to the nominal rate when Y equals YN.
B) is equal to the nominal rate minus the rate of inflation.
C) is equal to the nominal rate plus the rate of inflation.
D) is never negative.
B
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Which of the following statements is true?
A) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a larger principal. B) Banks are the only financial institutions that lend money and do not accept deposits. C) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a smaller principal. D) Banks are the only financial institutions that do not lend money but accept deposits.
Everything else held constant, when a country's currency appreciates, the country's goods abroad become ________ expensive and foreign goods in that country become ________ expensive
A) more; less B) more; more C) less; less D) less; more
When there are only two firms in a market, a Stackelburg leader will choose the monopoly output
Indicate whether the statement is true or false
A firm's isoprofit curve is defined as the combinations of outputs produced by:
A. all firms that yield the firm the same level of profit. B. all firms that make total industry profits constant. C. a firm that earns it the same level of profits. D. None of the answers is correct.