Marquis borrowed $1,000 from Ayana for a year and agreed to repay her $1,050 at the end of the year. If the inflation rate was 3 percent, what is the real rate of interest Ayana received?

a. 10 percent
b. 5 percent
c. 3 percent
d. 2 percent
e. -2 percent

D

Economics

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During business contractions, the growth rate of Solow residuals is ________

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The dominant Keynesian view of the 1960s and 1970s stressed that

What will be an ideal response?

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