Suppose That Over the Past Year,the Real Interest Rate Was

question 57

Multiple Choice

Suppose that over the past year,the real interest rate was 3 percent and the inflation rate was 1 percent.It follows that

• A)the dollar value of savings increased at 2 percent,and the purchasing power of savings increased at 3 percent.
• B)the dollar value of savings increased at 2 percent,and the purchasing power of savings increased at 4 percent.
• C)the dollar value of savings increased at 4 percent,and the purchasing power of savings increased at 2 percent.
• D)the dollar value of savings increased at 4 percent,and the purchasing power of savings increased at 3 percent.

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Definitions:

Countries

Nation-states or sovereign territories defined by geographical boundaries, governments, and populations with shared cultural or political identities.

Authoritarian Personality

An authoritarian personality is characterized by strict adherence to rules, allegiance to authority, and often intolerance for weakness or difference.

Highly Obedient

Describes an individual or a behavior characterized by a high degree of compliance with orders or directives from authorities.

Sexual Adventurous

A willingness or disposition to explore a wide range of sexual activities, possibly going beyond conventional or traditional sexual behaviors.