When inflation is much higher than expected, which of the ...

[silviawilliams41]

When inflation is much higher than expected, which of the following is true?
 a. Nominal incomes are lower than expected.
  b. Real interest rates are higher than expected.
  c. Income is redistributed from those whose expenditures are fixed toward those who receive a fixed income.
  d. Nominal interest rates are lower than expected.
  e. Real interest rates are lower than expected.

Question 2

A positive statement is prescriptiveit prescribes what should be done.
 a. True
  b. False
  Indicate whether the statement is true or false

[jrpg123456]

Answer to Question 1

e

Answer to Question 2

False

[silviawilliams41]

YES! Correct, THANKS for helping me on my review

[amynguyen1221]

Thanks for the timely response, appreciate it