Inflation distorts the operation of our tax and financial system
Indicate whether the statement is true or false
TRUE
Economics
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The nominal interest rate approximately equals which of the following?
A) the real interest rate minus the inflation rate B) the real interest rate plus the inflation rate C) the real interest rate minus the growth rate of real GDP D) the real interest rate plus the growth rate of real GDP
Economics
A commodity or token is money if it is ________
A. generally accepted as means of payment B. a store of value C. used in a barter transaction D. completely safe as a store of value
Economics