Author Question: The nominal interest rate on a loan with an annual inflation rate of and a real interest rate i is ... (Read 324 times)

Frost2351 · **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.