If the real interest rate is above zero, we know that the nominal interest rate must be:
A. lower than the inflation rate.
B. higher than the inflation rate.
C. equal to the inflation rate.
D. zero.
Answer: B
Economics
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The Trans-Pacific Partnership (TPP) is an agreement between the United States and ________ that was meant to reduce trade barriers
A) South America B) the European Union C) China D) eleven other countries
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Refer to Figure 16.1. A decrease in the real price of capital goods is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
Economics