What is most affected by the expected rate or pace of economic growth?

If the expected inflation rate rises from 3% to 5% when the nominal interest rate is 4%, the Fisher effect asserts that the nominal interest rate would

A) not change. B) rise to 6%. C) fall to 2%. D) fall to 3%.

The minimum wage laws seek to

A) penalize employers that are not complying with labor laws. B) assure a minimum standard of payment for work. C) assure that all workers are paid the same wage rate. D) help teenagers find work.