Multiple Choice
Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent.At the end of the year prices have actually risen by 7 percent.
A) Gladys earns extra real income.
B) Kay loses extra real income.
C) Kay receives extra real income.
D) Neither party gains or loses if the loan is repaid.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: Real wages more accurately reflect the payment
Q143: Someone who is out of work because
Q144: Compared to the unemployed during the Great
Q145: According to economists, one of the signs
Q146: The growth rates of actual and potential
Q148: During inflationary periods, consumers will<br>A)increase their time
Q149: Labor productivity measures output per hour of
Q150: How do the labor force, the nation's
Q151: If part of the labor force is
Q152: Hyperinflations are usually made possible by<br>A)multinational corporations.<br>B)highly