The CPI was 225 in 2008 and 232.2 in 2009. The nominal interest rate during this period was 1.4 percent. What was the real interest rate during this period?
A) 3.2 percent
B) 1.8 percent
C) 4.6 percent
D) -3.2 percent
E) -1.8 percent
E
Economics
You might also like to view...
Refer to Table 11-6. Alicia Gregory owns a foot massage business. She leases 4 computer-controlled massage booths, for which she pays $125 per day. She cannot increase the number machines she leases without giving the manufacturer 3 months notice
She can hire as many workers as she wants at a cost of $75 per day per worker. These are the only two inputs she uses in her business. Use this information to fill in the columns in the above table.
Economics
Another term for an economic variable whose value is given is ________
A) endogenous B) exogenous C) autonomous D) ornamental
Economics