Multiple Choice
Given U.S.tax laws,persistently high inflation may result in
A) slower economic growth because the after-tax real interest rate is lower.
B) faster economic growth because the after-tax real interest rate is higher.
C) slower economic growth because the after-tax nominal interest rate is lower.
D) faster economic growth because the after-tax nominal interest rate is higher.
Correct Answer:
Verified
Correct Answer:
Verified
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