If the nominal interest rate is 3% and the inflation rate is 6%, the real interest rate is

In 2008, the Fed _____ the discount rate in order to _____ the economy.

A. increased; stimulate B. decreased; stimulate C. increased; restrain D. decreased; restrain

According to your authors, economics

A) alone is not the only, or even the best, perspective to make sense out of the real world. B) can predict real-world phenomena with roughly 85-90% accuracy. C) generates conclusions every reasonable person should accept as true. D) is a false doctrine because individuals have been shown to act non-selfishly.