If Real Rates Were Higher Than Nominal Rates in 2009,the

question 81

Multiple Choice

If real rates were higher than nominal rates in 2009,the implication is that

• A) inflation was greater than the real rate.
• B) inflation was less than the real rate.
• C) the nominal rate was equal to the real rate.
• D) inflation was negative (deflation was occurring).
• E) the real rate was equal to the rate of inflation.

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Definitions:

Free Will

The philosophical doctrine that humans have the capacity to make choices free from certain kinds of constraints.

Reciprocal Determinants

Factors that mutually influence each other, as in the interplay between an individual's behavior, personal factors, and environment.

Determinism

The philosophical belief that all events, including moral choices, are completely determined by previously existing causes.

Triadic Reciprocality

A concept in social cognitive theory suggesting that human behavior is influenced by the interaction of personal factors, behavior, and the environment.