Author Question: The real interest rate is 4 percent a year. When the inflation rate is zero, the nominal interest ... (Read 167 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
The real interest rate is 4 percent a year. When the inflation rate is zero, the nominal interest rate is approximately ________ percent a year; and when the inflation rate is 2 percent a year, the nominal interest rate is approximately ________
 
  percent a year. A) 0; 2
  B) 4; 6
  C) 6; 8
  D) 6; 4

Question 2

The curvature of the production function shows that as employment increases, the productivity of labor
 
  A) remains positive and increases.
  B) remains positive but decreases.
  C) decreases and becomes negative.
  D) remains constant.



JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

For a complete list of videos, visit our video library