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

question 64

Multiple Choice

In the late 1970s, nominal interest rates were high and inflation rates were very high. As a result, what were real interest rates?

• A) very high
• B) moderately high
• C) low, and in some years they were negative
• D) low, but never negative

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Definitions:

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Incentive systems that provide rewards or recognition in forms other than direct payment, such as professional development, privileges, or awards.

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Deserving Employees

Workers who are considered to merit recognition or reward based on their performance, contributions, or achievements.

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