If inflation is eight percent, a nominal interest rate of six percent translates into a real interest rate of two percent

The time it takes for the policy actually to have an impact on the economy is called

A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.

A person tends to be ______________ likely to lose her temper with a boss than with a friend because the opportunity cost of losing her temper with her boss tends to be _____________ than the opportunity cost of losing her temper with her friend

A) less; higher B) more; higher C) less; lower D) more; lower