The relationship between the inputs employed by a firm and the maximum output that it can produce with those inputs is the firm's

Suppose a credit union strives for a 3% real return on its loans to members, and expects a 2% inflation rate. What nominal rate of interest should it charge its members?

A) 0% B) 1% C) 3% D) 6%

Economists are interested in long-term economic growth because growth increases real GDP per person and improves our standard of living

Indicate whether the statement is true or false