When prices are rising, which of the following will be true?
A) The real interest rate will be lower than the nominal interest rate.
B) The real interest rate will be higher than the nominal interest rate.
C) The real interest rate will be negative.
D) The nominal interest rate will be negative.
Question 2
In 1973, the Club of Rome published a book titled The Limits to Growth, which predicted that economic growth would likely end in high-income countries because of
A) increasing pollution and the depletion of natural resources.
B) rapid increases in government debt.
C) declining populations.
D) increases in outsourcing of the production of goods and services to low-income countries.