Multiple Choice
If the bank agrees to make a loan at a 7 percent interest rate and the inflation rate is 3 percent, then 4 percent is the ________ rate.
A) nominal interest
B) real interest
C) hyperinflation
D) disinflation
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q139: The CPI in 1974 equaled 0.49. The
Q140: The price of a gallon of gasoline
Q141: A CPI that equals 1.34 in 2016
Q142: Suppose the value of the CPI is
Q143: The price level is:<br>A)the rate of inflation.<br>B)a
Q145: Suppose the value of the CPI is
Q146: The _ is the rate of change
Q147: Inflation is a measure of the _
Q148: The CPI in year one equaled 1.45.
Q149: To counteract relative price changes, the government