Michael values a stainless steel refrigerator for his new house at $3,500, but he succeeds in buying one for $3,000 . Michael's willingness to pay is

You have a $500 saving bond. If the nominal interest rate is 10 percent, then the inflation rate must be

A) 10 percent if in real terms you earned $200. B) 10 percent if in real terms you earned $100. C) zero, otherwise you would sell the bond. D) 4 percent if in real terms you earned $30. E) 4 percent if in real terms you earned $70.

Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as "finger pointing?"

What will be an ideal response?