In which case would people desire to borrow the most?
a. the nominal interest rate is 8% and the inflation rate is 7%
b. the nominal interest rate is 7% and the inflation rate is 5%
c. the nominal interest rate is 6% and the inflation rate is 3%
d. the nominal interest rate is 5% and the inflation rate is 1%
a
Economics
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When attempting to determine if a sales tax is regressive or not, it is important to consider _____
a. bequests b. that a general sales tax is a consumption tax c. that people pay income taxes d. that individual's incomes change over their lifetime
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The General Agreement on Tariffs and Trade forms the legal and institutional foundation for the current multilateral trading system
a. True b. False
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