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:

Group Behavior

The behaviors and interactions that emerge from a collective of individuals within the same species, often influenced by social, environmental, and psychological factors.

Coefficient Of Relatedness

A measure indicating the probability of sharing genes between two individuals due to common ancestry.

Somatosensory Cortex

An area of the brain in the parietal lobe responsible for processing sensory information from various parts of the body, including touch, temperature, and pain.

Bipedal Nature

Referring to the characteristic of using two legs for walking, standing, and running, typical of humans and some other species.