Firms may be tempted to cheat on cartel agreements by:
a. raising both price and output

The main goal of monetary policy for recent Fed Chairmen has been to maintain high employment in labor markets

Indicate whether the statement is true or false

By Marks buys a one-year German government bond (called a bund) for $400. He receives principal and interest totaling $436 one year later

During the year the CPI rose from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. By Marks had expected the real interest rate to be ________, but it actually turned out to be ________. A) 8%; 1% B) 6%; 3% C) 3%; 1% D) 1%; 3%