Which of the following countries have experienced recession and high levels of unemployment related to their inability to control the growth of government and high levels of debt?

Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent, what is the real interest rate paid on the loan?

A) 2.67 percent B) 3 percent C) 8 percent D) 11 percent E) 5 percent

In the long run, if the price level increases, then nominal wages and other input prices:

A. Also rise, so firms will reduce their output level B. Also rise, so firms will not change their output level C. Not change, so firms will not change their output level D. Decrease, so firms will increase their output level