In the long run, the nominal interest rate is
A) negatively related to the inflation rate.
B) positively related to the inflation rate.
C) negatively related to the price level.
D) positively related to the price level.
E) not related to the price level or the inflation rate.
B
Economics
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When insurance causes people to take more risks, this is called
A. defective telescopic faculty. B. adverse selection. C. asymmetric information. D. moral hazard.
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(a) Find the total profit or total loss of the firm shown in the graph below. (b) Is the firm in short run or long run? (c) How much is the firm's most efficient output? (d) What is the lowest price the firm would accept in the long run?
Economics