If the Nominal Interest Rate Is 5 Percent and There

question 211

Multiple Choice

If the nominal interest rate is 5 percent and there is a deflation rate of 3 percent,what is the real interest rate?

• A)8 percent
• B)2 percent
• C)15 percent
• D)1.7 percent

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Definitions:

Partial Reinforcement

A conditioning principle where only some of the responses made are followed by reinforcement, leading to more resistant behavior to extinction.

Unpredictable Number

A number whose value cannot be anticipated or determined due to its random or variable nature.

Variable-Ratio Schedule

In operant conditioning, a reinforcement schedule that reinforces a response after an unpredictable number of responses.

Intermittent Reinforcement

A learning process in which a response is rewarded only part of the time, leading to more resilient behaviors.