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Author Question: Suppose the nominal interest rate is 1 and the rate of inflation is 3. The real interest rate is ... (Read 215 times)

jayhills49

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on: Jun 29, 2018
Suppose the nominal interest rate is 1 and the rate of inflation is 3. The real interest rate is therefore
 
  A) -2.
  B) 2.
  C) 4.
  D) 5.

Question 2

Lu Thier is an accomplished violin and viola maker. He can make either 6 violins or 6 violas each year, or a combination such as 3 violins and 3 violas. Which statement below is true?
 
  A) The opportunity cost of producing 1 violin is 1 viola.
  B) The opportunity cost of producing 1 violin is 3 violas.
  C) The opportunity cost of producing 1 violin is 6 violas.
  D) The opportunity cost of producing 1 violin is 9 violas.


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kthug

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

A

Answer to Question 2

A


jayhills49

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Reply #2 on: Jun 29, 2018
Correct answers!


kthug

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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