The real interest rate is approximately equal to
A) the growth in real GDP.
B) the nominal interest rate.
C) the nominal interest rate plus the inflation rate.
D) the nominal interest rate minus the inflation rate.
E) one divided by the nominal interest rate minus the inflation rate.
Correct Answer:
Verified
Q17: Use of money to save up for
Q18: Fiat money is
A) commodity money.
B) commodity-based paper
Q19: In formulating its monetary policy,the Bank of
Q20: The double coincidence of wants problem is
Q21: The demand for money is determined by
A)
Q23: If R > q,then
A) the marginal benefit
Q24: The nominal money demand is defined as
A)
Q25: The real return on bonds is
A) R.
B)
Q26: If R < q,then
A) the marginal cost
Q27: If the nominal interest rate is rises,
A)
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