In the Late 1970s, Nominal Interest Rates Were High and Inflation

question 135

Multiple Choice

In the late 1970s, nominal interest rates were high and inflation rates were also very high and were even higher than the nominal interest rate on some years. During this period, real interest rates were:

• A) low in some years and negative in others.
• B) also very high.
• C) always equal to zero.
• D) none of the above

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Definitions:

Sintering Department

A division within a manufacturing facility where sintering, a process that fuses particles together by heating them without melting, is performed.

Inequality/Equality

Concepts referring to the state or quality of being unequal or equal, respectively; often used in contexts ranging from mathematics to social sciences.

Production Rates

The speed at which goods are manufactured or produced within a specified timeframe.

Painting Department

The painting department within a manufacturing or production setting is the section responsible for applying paint and coatings to products as part of the finishing process.