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

question 58

Multiple Choice

Suppose that over the past year,the nominal interest rate was 5 percent,the CPI was 150.3 at the end of the year,and the CPI was 144.2 at the beginning of the year.It follows that

• A)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 0.8 percent.
• B)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 9.2 percent.
• C)the dollar value of savings increased at 0.8 percent,and the purchasing power of savings increased at 5 percent.
• D)the dollar value of savings increased at 9.2 percent,and the purchasing power of savings increased at 5 percent.

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Definitions:

Critiqued

Reviewed, analyzed, or evaluated with the intention of revealing faults or judgments.

Surveillance Capacities

The ability or potential of an entity (such as a government, organization, or system) to monitor, observe, or check the activities or communications of individuals or groups.

Structuration

A concept in social science that explains how social structures are produced and reproduced through the actions and interactions of individuals.

Reflexivity

The ability of an individual or system to reflect upon and adjust itself based on awareness of itself and its context.