The general shape of the aggregate supply curve is

Suppose you borrow $2,000 for one year and at the end of the year you repay the $2,000 plus $110 of interest. The expected inflation rate was 2.2% at the time you took out the loan, but the actual inflation rate turned out to be 3.3%

What was the actual real interest rate you paid? A) 2.2% B) 3.3% C) 5.5% D) 8.8%

The marginal product of land depends on the quantity of land that is available

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