If the real value of your savings is decreasing over time, we know that the:
A. real rate of interest is positive.
B. real rate of interest is negative.
C. real rate of interest is zero.
D. inflation is zero.
Answer: B
Economics
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Since the mid-1970s, the average U.S. tariff rate is
A) less than 5 percent. B) between 6 percent and 15 percent. C) between 16 percent and 25 percent. D) between 26 percent and 35 percent. E) larger than 36 percent.
Economics
Which economist is credited with having been the first to discuss the "lemons problem"?
A) George Akerlof B) Milton Friedman C) Robert Shiller D) James Tobin
Economics