If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account, then M1 will ________ and M2 will ________
A) not change; increase
B) decrease; not change
C) decrease; increase
D) increase; increase
E) increase; decrease
B
Economics
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The real interest rate can be expressed as the:
a. nominal interest rate minus the real interest rate. b. inflation rate minus the nominal interest rate. c. nominal interest rate minus the inflation rate. d. nominal interest rate plus the inflation rate.
Economics
Microeconomics is the study of aggregate behavior in the economy.
Answer the following statement true (T) or false (F)
Economics