Which of the following statements is false?
A) Interest would not exist in a barter (moneyless) economy because there is no money in a barter economy.
B) The real interest rate is equal to the nominal interest rate minus the expected inflation rate.
C) The source of monopoly profits is often high barriers to entry.
D) The nominal interest rate will equal the real interest rate only when the expected inflation rate is zero.
Correct Answer:
Verified
Q188: Suppose there are no barriers to competing
Q189: Risk is
A)different than uncertainty in that the
Q190: Suppose you are thinking about buying a
Q191: The perspective from which a factor is
Q192: Mario earns profits by developing a product
Q194: Which of the following statements is true?
A)As
Q195: Describe the two major ways that entrepreneurs
Q196: A new delivery van will cost a
Q197: Describe how nineteenth-century economist David Ricardo viewed
Q198: Karen earned a large income by buying
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents