When the Social Security payroll tax exceeds the wage limit, it becomes a ________ tax.

The real interest rate is negative if the inflation rate

A) equals zero. B) is less than the nominal interest rate. C) exceeds the nominal interest rate. D) is equal to the nominal interest rate. E) exceeds the real interest rate.

Consider that Britain is trying to maintain a fixed exchange rate with respect to the U.S. dollar. However, the present situation in the foreign exchange market is conducive for the British pound to depreciate with respect to the U.S. dollar. If the British government uses unsterilized intervention in the foreign exchange market, then it is expected that

A. the British money supply will rise. B. the British money supply will remain unchanged. C. Britain is gaining official international reserves. D. the British money supply will fall.