We should expect a country that experiences volatile inflation to also have:
A. stable nominal interest rates.
B. volatile real interest rates.
C. volatile nominal interest rates.
D. volatile real interest rates but stable nominal rates.
Answer: C
Economics
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A price may be sticky because
A) of monetary policy. B) of menu costs. C) of total factor productivity shocks. D) of the monetary illusion.
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The production possibilities curve demonstrate which of the following concepts?
A) scarcity B) choice C) trade-offs D) all of the above
Economics