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Author Question: The nominal interest rate plus the inflation rate equals the real interest rate. Indicate whether ... (Read 308 times)

Kikoku

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on: Jun 29, 2018
The nominal interest rate plus the inflation rate equals the real interest rate.
 
  Indicate whether the statement is true or false

Question 2

Explain what scatter diagrams show and why we use them.
 
  What will be an ideal response?


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tandmlomax84

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

Scatter diagrams plot the value of one economic variable against the value of another variable for a number of different values of each variable. We use scatter diagrams because they quickly reveal if a relationship exists between the two variables. Moreover, if a relationship exists, scatter diagrams show whether increases in one variable are associated with increases or decreases in the other variable.


Kikoku

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dawsa925

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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