Top Posters
Since Sunday
7
6
o
5
b
4
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Mellissav92 Mellissav92
wrote...
Go to Answer
Posts: 118
Rep: 1 0
5 years ago
If you lend a dollar for a year and at the end of the year the price level has risen by 10 percent
A) the purchasing power of your loan has risen over the year regardless of the interest rate at which you lent it.
B) the purchasing power of your loan has remained constant over the year regardless of the interest rate at which you lent it.
C) you must have earned a nominal interest rate of 10 percent to maintain the purchasing power of your loan.
D) you must have earned a nominal interest rate of 5 percent to maintain the purchasing power of your loan.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 56 times
1 Reply
Replies
Answer verified by a subject expert
n-ngo1n-ngo1
wrote...
#1
Posts: 52
Rep: 26 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Mellissav92 Author
wrote...

5 years ago
Thanks
big_larry_samp
wrote...

Yesterday
You make an excellent tutor!
taydav
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1072 People Browsing
 106 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 217
  
 281
  
 812
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Who will win the 2024 president election?