Suppose a family's income increases by 5% at the same time that inflation is 6%. Then the family's living standard:

If you expect the inflation rate to be 15 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is

A) 7 percent. B) 22 percent. C) -15 percent. D) -8 percent.

An asset is ________

A) equal in value to its corresponding liabilities and net worth B) a debt for the owner of the asset C) a net outflow from the revenues of a producing firm D) anything that can be owned and has value