The Fisher effect is the tendency for ________ interest rates to be ________ when inflation is high.

A. real; low
B. market; low
C. nominal; high
D. real; high

Answer: C

Economics

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The typical firm in many industries has become ________ over the past 100 years, and efficiently organizing production has become ________

A) larger; easier B) larger; more difficult C) smaller; easier D) smaller; more difficult

Economics

What economic impact would the closing of a nearby military base have on a town? Would people and businesses that did not directly deal with the military personnel be affected?

What will be an ideal response?

Economics