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hiusy98 hiusy98
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7 years ago
Comparing the situation of a nominal interest rate of 10 percent and an inflation rate of 9 percent with a nominal interest rate of 6 percent and inflation rate of 2 percent, consumers would borrow more in which situation?
A) Nominal interest rate of 10 percent since real interest rate is 1 percent.
B) Nominal interest rate of 6 percent since the real interest rate is 4 percent.
C) Nominal interest rate of 10 percent since the real interest rate is 9 percent.
D) Nominal interest rate of 6 percent since the real interest rate is 2 percent.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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toogootoogoo
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7 years ago
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hiusy98 Author
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#2
7 years ago
I owe you my life lol
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