Subtracting the inflation rate from the nominal rate of interest tells you the:
A. nominal rate of return.
B. real interest rate.
C. real rate of inflation.
D. price level of the economy.
AACSB: Analytical Thinking
B. real interest rate.
Economics
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To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, the area that equals the lost consumer surplus from this tax on sports equipment is
A) bcd. B) P1P2cd. C) P2P3ec. D) ced.
Economics
Monopolistic competition will include producers of poultry and dairy products
a. True b. False Indicate whether the statement is true or false
Economics