Author Question: If the nominal interest rate is 6.3 percent and the inflation rate is 7.2 percent, then the real ... (Read 55 times)

karen · **on:** Jun 30, 2018

If the nominal interest rate is 6.3 percent and the inflation rate is 7.2 percent, then the real interest rate equals:
a. - 13.5 percent.
b. + 13.5 percent.
c. - 0.9 percent.
d. -7.2 percent.
e. + 1.1 percent.

Question 2

The central question in economics is how to:
a. regulate the supply of money.
b. make the best use of scarce resources to satisfy our unlimited wants.
c. reduce the wants of individuals, businesses and government.
d. find more resources to satisfy everyone's wants.