If the inflation rate is 2 percent and the real interest rate is 3 percent,then the nominal interest rate is
A) 5 percent.
B) 1 percent.
C) 1.5 percent
D) .67 percent.
Correct Answer:
Verified
Q20: If there is a shortage of loanable
Q50: If there is surplus of loanable funds,
Q176: If the supply for loanable funds shifts
Q178: Which of the following could explain a
Q180: Which of the following could explain an
Q184: Which of the following would necessarily raise
Q185: Suppose that the market for loanable funds
Q186: Suppose that the government were to replace
Q313: If the nominal interest rate is 5
Q319: If the government institutes policies that increase
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