From the early 1980's through the 1990's, the nominal interest rate
a. fell because the Fed got inflation under control.
b. fell because the Fed let inflation get out of control.
c. rose because the Fed got inflation under control.
d. rose because the Fed let inflation get out of control.
a
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The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition. The with no government intervention, the equilibrium price is ________ and the equilibrium quantity is ________
A) $15 per ton; 100 million tons B) $14 per ton; 250 million tons C) $12 per ton; 300 million tons D) $12 per ton; 250 million tons E) $15 per ton; 400 million tons
Refer to Table 1-3. Using marginal analysis, by how many hours should Santiago extend his store's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours