If the nominal interest rate increases without any change in the rate of inflation:
A) the ratio of real interest rate to nominal interest rate increases.
B) the real interest rate increases.
C) the real interest rate decreases.
D) the real interest rate remains the same.
B
Economics
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Which of the U.S. industries below has not seen major shutdowns and layoffs because of free foreign trade?
A. Textiles. B. Financial services. C. Steel. D. Apparel.
Economics
Suppose that the economy is currently at full employment. All other things being equal, if central bank implements contractionary policy, then the appropriate fiscal policy is to
A. increase taxes. B. reduce government spending. C. balance the budget. D. increase a budget deficit.
Economics