During periods of high inflation, such as the 1979-1980 period, the existence of usury laws may cause
a. nominal rates of interest to be above real rates.
b. negative nominal rates of interest.
c. negative real rates of interest.
d. real rates of interest to be above nominal rates.
c
Economics
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Starting from a situation where country A which exports good S and imports good T has a larger trade triangle than country B, explain how the process of reciprocal demand leads to international trade equilibrium
What will be an ideal response?
Economics
Which of the following is an example of money serving as a medium of exchange?
A. Richard puts money into a piggy bank. B. Ellen deposits cash into a money market account. C. Sean puts a new $20 bill into his currency collection. D. Marian buys a carbo-loaded drink before a marathon.
Economics