The higher the expected rate of inflation,
A) the lower is the nominal rate of interest.
B) the higher is the real rate of interest.
C) the lower is the real rate of interest.
D) the higher the real and nominal rates of interest.
Answer: C
Economics
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A) Individual income taxes B) Corporate income taxes C) Miscellaneous taxes and fees D) Property taxes
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A recession causes
a. transfer payments and corporate profits to increase b. military spending and corporate profits to increase c. unemployment to increase and transfer payments to decrease d. transfer payments to increase and corporate profits to decrease e. household income and government transfer payments to decrease
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