Answer:
C) says there is a one for one adjustment of the nominal interest rate to the inflation rate.
Explanation:
The Fisher Effect is an economic theory that explains the relationship between interest rates and inflation rates. It states that real interest rate equals nominal interest rate minus inflation rate.
If inflation increases, then the real interest rate will decrease unless the nominal interest rate increases proportionally to the inflation rate.
Answer:
the right to earn income from the good
Explanation:
Property rights is an economic term that emphasis on how a resource can be used and owned. Property rights differentiate various goods on the basis of their ownership and usage. The fourth property right is the right to earn income from a good. It’s a right that allows an individual to sell goods and services and earn money.
Answer:
The correct answer is market economy.
Explanation:
A market economy is a type of economy where most of the resources or factors of production are privately owned. The allocation of resources is determined by the market forces and not the government.
The government is not in control of what, how or for whom the goods are produced. This type of economy is directly in contrast with a centrally planned or controlled economy, where the factors of production are owned by the government and the government decides the allocation of resources.
Accumulate is to gather and amount of things over an amount of time