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Author Question: People know that the inflation rate will increase from 3 percent to 5 percent. As a result A) the ... (Read 96 times)

nenivikky

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on: Jun 29, 2018
People know that the inflation rate will increase from 3 percent to 5 percent. As a result
 
  A) the nominal interest rate falls by 2 percentage points.
  B) the nominal interest rate is constant.
  C) the nominal interest rate rises by 2 percentage points.
  D) the real interest rate rises by 2 percentage points.

Question 2

An aggregate production function shows the relationship between
 
  A) real GDP and leisure.
  B) real GDP and the quantity of labor employed.
  C) leisure and unemployment.
  D) real GDP and unemployment.


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Christopher

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

C

Answer to Question 2

B


nenivikky

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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