Because prices are slow to move in the short-run, when the Federal Reserve lowers the federal funds rate
A) nominal interest rates rise.
B) real interest rates fall.
C) inflation falls.
D) real interest rates rise.
B
Economics
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Social Security is based on the concept of
a. private insurance supported by public money b. private insurance supported by private money c. specific retirement packages for each industry d. accumulation of your own funds that will be returned to you, with interest, upon retirement e. pay-as-you go
Economics
Which of the following is exempt from taxation (a tax exemption)?
a. interest on a home mortgage b. interest from municipal bonds c. rent d. property taxes
Economics