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ice5192 ice5192
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6 years ago
If the nominal interest rate rises,
A) there is substantial inflation in the economy.
B) real interest rates are declining.
C) the opportunity cost of holding cash rises.
D) consumers and firms are less inclined to use credit cards.
E) inflation is declining.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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6 years ago
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