What is the real interest rate if the nominal interest rate is 7 percent and the expected inflation rate is 7 percent?

Explain how corporate profits are taxed twice

What will be an ideal response?

An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. To maximize total output, Jen should specialize in producing ________ while Rich should specialize in producing ________.

A. TVs; radios B. radios; both goods C. radios; TVs D. TVs; TVs