This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was ... (Read 62 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was acquired was 3 percent but has since increased and is now 8 percent per year; the current real interest rate is
 
  A) -2 percent per year.
  B) 8 percent per year.
  C) 6 percent per year.
  D) 0 percent per year.
  E) 14 percent per year.

Question 2

A movement from one point on a production possibilities frontier to another represents
 
  A) unemployment.
  B) a tradeoff.
  C) an advance in technology.
  D) full employment of labor but not capital.
  E) a free lunch.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Marty

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Excellent

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Factors influencing pulse rate Factors influencing pulse rate
House Compound in Sirigu House Compound in Sirigu
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent) Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent)
House House
Video: Griffith's experiments

For a complete list of videos, visit our video library