Author Question: If the supply of iPods increases, then i. the supply curve for iPods has shifted rightward. ii. ... (Read 67 times)

sc00by25 · **on:** Jun 30, 2018

If the supply of iPods increases, then
i. the supply curve for iPods has shifted rightward.
ii. the price of iPods has decreased.
iii. there will be a movement upward along the iPod supply curve.

A) i and iii B) i only C) i and ii D) i, ii and iii E) ii and iii

Question 2

Suppose the nominal interest rate on a savings bond is 7 percent a year and the inflation rate is 4.5 percent a year. How much is the real interest rate?

A) 4.5 percent B) 1.56 percent C) 2.5 percent D) 7 percent E) 11.5 percent