If the Nominal Interest Rate Was 12 Percent and the Inflation

question 173

Multiple Choice

If the nominal interest rate was 12 percent and the inflation rate was 10 percent in 1980, while the nominal interest rate was 7 percent and the inflation rate was 2 percent in 2001, then

• A)real rates were higher in 2001.
• B)real rates were higher in 1980.
• C)credit was more expensive in 1980.
• D)credit was cheaper in 2001 because the nominal rate was lower.

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Efforts aimed at promoting, impeding, or directing social, political, economic, or environmental change, with the motivation of making improvements in society.

Social Justice

The pursuit of fair treatment and equal opportunities for all individuals within a society.

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Techniques or strategies used by therapists to engage clients and facilitate change in therapy.

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A concept or meaning that is maintained and supported through social interaction and cultural consensus.