If the nominal interest rate is 8 percent and the inflation rate is 3 percent, then the real interest rate equals:

A. 8 percent.
B. 11 percent.
C. 3 percent.
D. 5 percent.

Answer: D

Economics

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The U.S. economy has become a less open economy over the past 50 years.

Answer the following statement true (T) or false (F)

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