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

question 117

Multiple Choice

Suppose that over the past year,the real interest rate was 5 percent and the inflation rate was 3 percent.It follows that

• A)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 2 percent.
• B)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 8 percent.
• C)the dollar value of savings increased at 8 percent,and the purchasing power of savings increased at 2 percent.
• D)the dollar value of savings increased at 8 percent,and the purchasing power of savings increased at 5 percent.

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Definitions:

Distributed Term

In propositional logic, a term that is used in such a way that it refers to all individuals or instances of a given category.

Unstated Premise

An implicit assumption within an argument that is not expressed but required for the argument's logic.

Predicate Term

A term that expresses a property that can be attributed to a subject in a logical proposition.

Distributed Propositions

Statements in categorical logic where the term being discussed applies to all members of the category without exception.