If the real interest rate is 2% and expected inflation is 2%, the nominal interest rate is:

The Navigation Acts (1651 and later amendments) were part of the contemporary European commercial policy theory called

(a) laissez-faire. (b) mercantilism. (c) commercialism. (d) classical liberalism.

According to Monetarists, the natural rate of unemployment in each country will be determined by the structural characteristics of the

a. the productive efficiency of that country. b. relationship between the actual price level and the expected price level. c. the monetary policy of that country. d. Both a and b e. All of the above