To calculate personal savings, you would need information on all of the following except:
a. personal disposable income.
b. personal consumption expenditures.
c. interest paid to business.
d. government expenditure.
e. personal transfer payments to foreigners.
Question 2
The Fisher effect ________.
A) comes from combining the Fisher equation and the classical dichotomy
B) predicts that in the long run nominal rates will rise with increases in expected inflation
C) shows that in high inflation we typically see high nominal interest rates
D) all of the above
E) none of the above
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