If the inflation rate is zero, then the nominal and real interest rate are the same
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for used clothing, an inferior good. Which panel describes what happens in this market as a result of a decrease in income?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Economics