Because expected inflation is typically positive, we know that
A) the nominal interest rate is generally less than the real interest rate.
B) the real interest rate is generally less than the nominal interest rate.
C) the nominal and real interest rates are generally equal.
D) the real interest rate is approximately equal to zero.
B
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Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After some negotiation, Mister Smith purchased the house for $205,000. Jones' producer surplus is
A) $5,000. B) $15,000. C) $20,000. D) Not able to be calculated from the information given.
Between 2009 and 2013:
a. both the actual and the structural deficit fell substantially. b. both the actual and the structural deficit rose subtantially. c. the actual deficit rose, while the structural deficit fell substantially. d. the structural deficit rose, while the actual deficit fell substantially.