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

Author Question: Suppose that you took out a 1000 loan in January and had to pay 75 in annual interest. During the ... (Read 64 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Suppose that you took out a 1000 loan in January and had to pay 75 in annual interest. During the year, inflation was 6 percent. Which of the following statements is CORRECT?
 
  A) The nominal interest rate is 7.5 percent and the real interest rate is 1.5 percent.
  B) The nominal interest rate is 7.5 percent and the real interest rate is 13.5 percent.
  C) The real interest rate is 7.5 percent and the nominal interest rate is 1.5 percent.
  D) The real interest rate is 6 percent and the nominal interest rate is 7.5 percent.

Question 2

The aggregate production function describes the relationship between
 
  A) real GDP and the quantity of labor employed.
  B) real GDP and the price level.
  C) the rate of growth of real GDP and inflation.
  D) real GDP and the unemployment rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ... Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ...
How to solve a linear algebraic bank interest problem with two unknowns How to solve a linear algebraic bank interest problem with two unknowns
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library