In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is
A) 7.62 percent
B) 2.06 percent.
C) 0.58 percent.
D) 13.6 percent.
B
Economics
You might also like to view...
The economic way of thinking asserts, as a universal claim, that
A) politicians are immoral. B) voters are immoral. C) morals don't matter in politics. D) all of the above are true. E) none of the above are true.
Economics
Last year, the unemployment rate was 4 percent and the inflation rate was 3 percent. If the natural rate of unemployment is 3 percent, how do you expect inflation to change?
What will be an ideal response?
Economics