The consumer price index was 225 in 2008 and 232.2 in 2009 . The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?
a. 1.6 percent
b. 3.3 percent
c. 5.1 percent
d. 7.4 percent
b
Economics
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Which of the following increases the demand for a good or service?
A) a fall in the price of the good or service B) a smaller number of consumers wanting to buy the good or service C) a rise in the price of the good or service D) a rise in the price of a substitute good or service E) a rise in the price of a complement
Economics
How might technological change and globalization explain trends in the distribution of income?
What will be an ideal response?
Economics