During periods of deflation, the real interest rate will be lower than the nominal interest rate

Why do the British supply pounds to the dollar-pound market?

a. To buy goods and services from American firms. b. To buy American assets. c. To buy stock in American firms on the London stock exchange. d. Both (a) and (b) are correct. e. None of the above.

The Social Security tax, and to a large extent, the federal income tax, are labor taxes

a. True b. False Indicate whether the statement is true or false