nominal
nominal
The relationship among real interest rate, nominal interest rate, and expected inflation rate is _________. A: real interest rate = nominal interest rate+ expected inflation rate B: real interest rate = nominal interest rate- expected inflation rate C: real interest rate = expected inflation rate - nominal interest rate D: nominal interest rate = real interest rate - expected inflation rate
The relationship among real interest rate, nominal interest rate, and expected inflation rate is _________. A: real interest rate = nominal interest rate+ expected inflation rate B: real interest rate = nominal interest rate- expected inflation rate C: real interest rate = expected inflation rate - nominal interest rate D: nominal interest rate = real interest rate - expected inflation rate
If money is neutral, then changes in the quantity of money A: do not affect real output. B: affect both nominal and real output. C: do not affect nominal output. D: affect neither nominal nor real output.
If money is neutral, then changes in the quantity of money A: do not affect real output. B: affect both nominal and real output. C: do not affect nominal output. D: affect neither nominal nor real output.
When the production of a commodity does not utilize imported inputs, the effective tariff rate on the commodity:（ ） A: Exceeds the nominal tariff rate on the commodity B: Equals the nominal tariff rate on the commodity C: Is less than the nominal tariff rate on the commodity D: None of the above
When the production of a commodity does not utilize imported inputs, the effective tariff rate on the commodity:（ ） A: Exceeds the nominal tariff rate on the commodity B: Equals the nominal tariff rate on the commodity C: Is less than the nominal tariff rate on the commodity D: None of the above
The quantity of real money balances demanded depends on the ____ A: nominal interest rate. B: rate of inflation. C: nominal money supply. D: price level.
The quantity of real money balances demanded depends on the ____ A: nominal interest rate. B: rate of inflation. C: nominal money supply. D: price level.
According to the assumptions of the quantity theory of money, if the money supply decreases by 7 percent, then A: nominal and real GDP would fall by 7 percent. B: nominal GDP would fall by 7 percent; real GDP would be unchanged. C: nominal GDP would be unchanged; real GDP would fall by 7 percent. D: neither nominal GDP nor real GDP would change.
According to the assumptions of the quantity theory of money, if the money supply decreases by 7 percent, then A: nominal and real GDP would fall by 7 percent. B: nominal GDP would fall by 7 percent; real GDP would be unchanged. C: nominal GDP would be unchanged; real GDP would fall by 7 percent. D: neither nominal GDP nor real GDP would change.
The bad money in the law of bad money expelling good money refers to ( ). A: A money whose nominal value is higher than its real value B: A money whose nominal value is lower than their real value C: Money with no nominal value D: Money with no real value
The bad money in the law of bad money expelling good money refers to ( ). A: A money whose nominal value is higher than its real value B: A money whose nominal value is lower than their real value C: Money with no nominal value D: Money with no real value
If a country had deflation, A: the nominal interest rate would be greater than the real interest rate. B: the real interest rate would be greater than the nominal interest rate. C: the real interest rate would equal the nominal interest rate. D: None of the above is necessarily correct.
If a country had deflation, A: the nominal interest rate would be greater than the real interest rate. B: the real interest rate would be greater than the nominal interest rate. C: the real interest rate would equal the nominal interest rate. D: None of the above is necessarily correct.
The nominal interest rate minus the expected rate of inflation _________
The nominal interest rate minus the expected rate of inflation _________
解释概念：名义利率（ nominal rate of interest）
解释概念：名义利率（ nominal rate of interest）