Which of the following statements is correct?
a. A central bank has absolute control over the nominal interest rate but not the real interest rate.
b. A central bank has absolute control over the real interest rate but not the nominal interest rate.
c. A central bank has absolute control over both the nominal and real interest rates.
d. A central bank does not have absolute control over the nominal interest rate or the real interest rate.
.D
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The basic approach in marginal analysis is to compare a policy's total benefits with its total costs
a. True b. False Indicate whether the statement is true or false
A technological improvement in producing good A would be a shift in the:
a. supply curve for A to the right. b. supply curve for A to the left. c. demand curve for A to the right. d. demand curve for A to the left.