If 1 U.S. dollar exchanges for 46.94 Indian rupees, how much would it cost in rupees to purchase a copy of Time Magazine priced at $2.50?

An economy is said to be in the liquidity trap when the short-term ________ is down to zero

A) real interest rate on corporate bonds B) nominal interest rate on government bonds C) nominal interest rate on corporate bonds D) real interest rate on government bonds

Economists consider the breakfast food industry to be an oligopolistic market

a. True b. False Indicate whether the statement is true or false