The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________

Insecure property rights induce owners of productive assets to

A) discount expected income from their ownership at a very low rate. B) place a higher value on those assets if they want to sell them. C) use those assets more cautiously to reduce depreciation. D) do all of the above. E) do none of the above.

Japan experienced periods of deflation—a declining price level—during the 1990s. During a deflationary period, which would be higher: nominal GDP or real GDP? Why? Assume that the base year of choice is prior to the deflationary period

What will be an ideal response?