If an increase in expected inflation equally raises the nominal interest rate, the expected real interest rate ________ and thus investment demand ________
A) rises, increases
B) rises, decreases
C) is unchanged, is unchanged
D) falls, increases
E) falls, decreases
C
Economics
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The Mint Act of 1792, following the ideas of Thomas Jefferson and Robert Morris, set the U.S. up as
(a) a silver standard country. (b) a paper-money country. (c) a gold-standard country. (d) a bimetallic country.
Economics
Which of the following could be the price elasticity of demand for a good for which a decrease in price would decrease revenue?
a. 0.8 b. 1 c. 1.8 d. 2.4
Economics