If expected inflation is constant, then when the nominal interest rate falls, the real interest rate
a. falls by more than the change in the nominal interest rate.
b. falls by the change in the nominal interest rate.
c. rises by the change in the nominal interest rate.
d. rises by more than the change in the nominal interest rate.
B
Economics
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Do you think that prices are more or less sticky today than 50 years ago? Why?
What will be an ideal response?
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By mid-century, American workers benefited by state regulations providing for
a. a minimum wage in manufacturing. b. pensions for long-term employees. c. a ten-hour upper limit on the work day. d. periodic breaks for workers during the work day. e. All of the above.
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