The nominal rate of interest is 3% and the anticipated rate of inflation is 4%. What is the real rate of interest?
A) 1%
B) -1%
C) 4%
D) 9%
Answer: B
Economics
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Using the above table, at a price of $70, there is
A) a surplus of 150 units. B) a shortage of 120 units. C) a surplus of 270 units. D) a shortage of 150 units.
Economics
In the Nash equilibrium of a prisoner's dilemma:
A. there is unrealized opportunity for both to gain. B. both players have equal payoffs. C. there is no cash left on the table. D. total economic surplus is maximized.
Economics