If the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the inflation rate is zero, the nominal interest rate is
A) greater than the real interest rate. B) positive and the real interest rate is negative. C) equal to the real interest rate. D) less than the real interest rate. E) equal to the inflation rate.
Economics
A Consumer Price Index of 120 for a certain year means that the average price of consumer items in that year was
A. 20% higher than the average price of the preceding year. B. 120% higher than the average price in the base period 1982-84. C. 20% higher than the average price in the base period 1982-84. D. about $120 per basket of consumer goods and services.
Economics