When deflation occurs
A) the nominal interest rate is greater than the real interest rate.
B) the nominal interest rate is equal to the real interest rate and inflation is negative.
C) the real interest rate is greater than the nominal interest rate.
D) the nominal interest rate is equal to the real interest rate and inflation is positive.
C
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Steve is in a consumer equilibrium. Then, the price of steak increases from $6 a pound to $8 a pound. Steve decreases the number of pounds of steaks he buys each week ________
A) and decreases his total utility B) only if his income also decreases C) so that the marginal utility per dollar spent on steaks is the same as it was when the price was $6 a pound D) so that both his total utility and his marginal utility from steak fall
The IBRD part of the World Bank is set up to lend to whom and for what types of projects?
What will be an ideal response?