Using the Fisher equation, which shows the exact
relationship between nominal interest rates, real interest rates, and inflation
is:
The solution would be:
(1 +R) = (1 +r)(1 +h)
R= (1 + .031)(1 + .019) – 1
= (1.031)(1.019) – 1
= 1.050589 – 1
=0.050589 or 5.059%
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Answer:
The plague, also the black death caused a drastic fall in the total population of the inhabitants of Europe.
Explanation:
The competition and congestion that was being experienced eased. Labour became a scarse resource out of the sudden reduction, there were plenty of jobs, with good pay, compared to the previous competition out of the large population of peasants.
There was a lot of land and therefore no congestion, land became cheaper and consequently led to high mobility.
Answer:
Your aunt lends you $1000 to help pay for college tuition. She doesn't require you to pay it back until after you graduate. She charges you 5% simple interest. The total amount you will pay is $1050
Explanation:
