If the nominal interest rate is 10% and the rate of inflation is 7%, what is the real rate of interest?

Regression analysis is designed to show any systematic pay differences between men and women

A) that are based only on gender difference. B) that are based on differences in education levels and majors. C) that are based on differences in career choices. D) that are based on differences in job experience.

If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded

A) there is a shortage of labor. B) the real wage rate will rise to restore equilibrium. C) the real wage rate is greater than the equilibrium real wage rate. D) None of the above answers is correct.