Multiple Choice
The nominal interest rate is
A) determined by the forces of supply and demand in the consumer goods market.
B) the interest rate in current dollars, unadjusted for inflation.
C) higher than the real interest rate even if the expected inflation rate is zero.
D) lower than the real interest rate even if the expected inflation rate is zero.
E) b and d
Correct Answer:
Verified
Correct Answer:
Verified
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