Goods are ________ when the income elasticity of demand is positive

If the real interest rate is equal to the nominal interest rate in an economy:

A) inflation must be negative in the economy. B) inflation must be zero in the economy. C) inflation must be positive in the economy. D) the nominal interest rate must be zero.

The management of money and interest rates is called ________ policy and is conducted by a nation's ________ bank

A) monetary; superior B) fiscal; superior C) fiscal; central D) monetary; central