If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm will:
a. shift up

What is demand-pull inflation?

What will be an ideal response?

If the nominal interest rate is 5 percent and the rate of inflation is 9 percent, then the real interest rate is

a. -4 percent. b. -0.44 percent. c. 4 percent. d. 14 percent.