A private good:

A. is a good for which consumption involves perfect rivalry.

B. is nonexcludable.

C. is often provided by the government.

D. is a good for which consumption involves perfect rivalry and is nonexcludable.

A. is a good for which consumption involves perfect rivalry.

Economics

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Suppose you have a fixed-rate mortgage with a nominal interest rate of 6% and the expected annual inflation rate over the life of the mortgage is 2%. What is the expected real interest rate?

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