Imagine that you borrow $1,000 for one year and at the end of the year you repay the $1,000 plus $100 of interest. If the inflation rate was 7%, what was the real interest rate you paid?

The Sherman Act was patterned closely after the British Act against monopolies

Indicate whether the statement is true or false

According to studies by Goldin and Skoloff (1982) and Craig and Field-Hendry (1993), the female-to-male wage ratio in the early 1800s

a. was higher in the North than in the South. b. is comparable to the ratio in 1860. c. encouraged the adoption and success of the Waltham system. d. was greater than one.