A person received 4% nominal interest. The inflation rate was -2% and the tax rate was 25%. This person received an after-tax real interest rate of 5%

The productivity slowdown in the U.S. from 1973 to 1995

a. can be explained easily with economic theory. b. continued into the third millennium. c. still confuses economists. d. was a continuation of the slowdown from 1948 to 1973.

Three people go to the bank to cash in their accounts. Amy had her money in an account for 25 years at 4 percent interest. Bill had his money in an account for 20 years at 5 percent interest. Celia had her money in an account for 5 years at 20 percent interest. If each of them originally deposited $500 in their accounts, which of them gets the most money when they cash in their accounts?

a. Amy b. Bill c. Celia d. They each get the same amount.