A decrease in the availability of raw materials that increases the price level is called a ________ shock

Expected real interest rates are the

A) interest rates quoted in the market plus the expected inflation rate. B) interest rates quoted in the market. C) expectations of future interest rates. D) interest rates quoted in the market minus the expected inflation rate.

Which of the following statements best describes the US economy between 1921 and 1928?

a. Most of the major sectors were growing very rapidly b. Hyperinflation led to large decreases in the standard of living c. Real average wage growth was stagnant d. Unemployment fluctuated dramatically