The nominal interest rate is:
A. the everyday notion of the interest rate adjusted for inflation.
B. the reported interest rate, adjusted for the effects of inflation.
C. the amount of interest the bank charges you for saving or pays you for borrowing.
D. the amount of interest the bank pays you for saving or charges you for borrowing.
D. the amount of interest the bank pays you for saving or charges you for borrowing.
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An employee who is fired from his or her job because he or she lacks the skills required to accomplish the task, is part of ________ unemployment
A) frictional B) cyclical C) unskilled D) structural E) withdrawal
In order to bring about a real depreciation of the dollar, the U.S. can hope for
A) a rise in the U.S. price level. B) a fall in foreign price levels. C) a rise in the dollar's nominal value in terms of foreign currencies. D) a rise in foreign price levels or a fall in the dollar's nominal value in terms of foreign currencies. E) increased output and full employment.