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Author Question: The nominal interest rate on a loan with an annual inflation rate of and a real interest rate i is ... (Read 331 times)

Frost2351

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on: Jun 30, 2018
The nominal interest rate on a loan with an annual inflation rate of  and a real interest rate i is represented as:
 a. i+i
  b. i+i
  c. i+i
  d. i+-i

Question 2

If price is cut and demand is elastic, total revenue will rise because
 A) the change in quantity demanded is greater than the percent change in price.
  B) the percent change in quantity demanded is greater than the change in price.
  C) the percent change in quantity demanded is greater than the percent change in price.
  D) customers can't find substitutes.


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bpool94

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Frost2351

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  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Excellent

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