If the nominal interest rate is 4 percent and the expected inflation rate is 1 percent, the real interest rate is

A) 3 percent.
B) 5 percent.
C) 4 percent.
D) 1.50 percent.
E) 0.25 percent.

A

Economics

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Economists typically define money as:

A. anything in which its value can be inflated. B. a means of payment that lacks intrinsic value. C. currency that is issued by a central bank. D. a widely accepted means of payment.

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An industry whose total output can be increased without a change in long-run per-unit costs is a(n)

A) increasing-cost industry. B) constant-cost industry. C) break-even cost industry. D) decreasing-cost industry.

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