The interest rate on Treasury Inflation Indexed Securities can be roughly interpreted as
A) the real interest rate.
B) the nominal interest rate.
C) the rate of inflation.
D) the rate of deflation.
A
Economics
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The demand for sirloin steak is probably more elastic than the demand for all meat because
A) steak is very expensive. B) people are worried about cholesterol. C) cattle raising is not very profitable. D) there are more substitutes for sirloin steak than for all meats.
Economics
If the price of coffee decreases, the demand curve for tea (a substitute good) will
a. remain unchanged. b. shift to the right. c. shift to the left. d. do none of the above
Economics