Author Question: If the nominal interest rate is less than the rate of inflation, the real interest rate: a. will be ... (Read 53 times)

cherise1989 · **on:** Jun 30, 2018

If the nominal interest rate is less than the rate of inflation, the real interest rate:
a. will be less than zero.
b. will be equal to the nominal interest rate.
c. will equal zero.
d. will be greater than zero.
e. will be equal to the rate of inflation.

Question 2

To be a positive economic statement, an assertion must be true.
a. True
b. False
Indicate whether the statement is true or false