According to the Foreign Corrupt Practice Act (FCPA), a bribe ________ have to be paid to be illegal, and a bribed official ________ need to carry through on the promised action in order for the bribe to be illegal.

If the nominal rate of interest is 6.5% and the inflation rate is 3.0%, what is the real rate of interest?

A) -9.5% B) -3.5% C) 1.5% D) 3.5% E) 9.5%

If deflation is 0.5 percent per year and you receive a 1 percent decrease in your salary, then your

A. Real income falls, but your nominal income remains unchanged. B. Real and nominal income both rise. C. Real and nominal income both fall. D. Real income remains unchanged, but your nominal income rises.