For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity

If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = $0.39

a. True b. False Indicate whether the statement is true or false

The real rate of interest can be defined as the

A. the market rate of interest expressed in today's dollars. B. nominal interest rate less the anticipated rate of inflation. C. anticipated rate of inflation less the nominal interest rate. D. nominal rate of interest less the unanticipated rate of inflation.