If the Nominal Interest Rate Is 8 Percent and the Rate

question 15

Multiple Choice

If the nominal interest rate is 8 percent and the rate of inflation is 3 percent,then the real interest rate is

• A)-5 percent.
• B)1.67 percent.
• C)5 percent.
• D)11 percent.

Recognize the correct use of plural abbreviations.

Understand how to introduce an abbreviation in a document.

Comprehend appropriate abbreviation practices for addresses.

Know when and how to use courtesy titles with abbreviations.

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Definitions:

Counterconditioning

A behavior therapy technique that involves replacing an undesirable response to a stimulus with a more desirable one.

Higher-Order Conditioning

A process in classical conditioning by which a stimulus that's associated with a conditioned stimulus also becomes capable of eliciting a conditioned response.

Successive Approximations

A method used in behavior modification that rewards behaviors that progressively get closer to the desired behavior.

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, leading to more resistant and persistent behavior.