Answer:
A. The expected real rate of interest increases by one percentage point for each percentage change in expected inflation.
Explanation:
The Fisher effect is an economic term referred to as the relationship between real and nominal interest rates with inflation. This theory explains that the real interest rate is equal to the nominal interest rate minus the expected inflation rate. In other words, if nominal rates do not increase at the same rate as inflation, then real interest rates will fall while inflation increases.
Answer:
George Washington
On April 30, 1789, George Washington, standing on the balcony of Federal Hall on Wall Street in New York, took his oath of office as the first President of the United States.
Explanation:
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Answer:
economy of country is going down.educational organizations are also not running.daily wage workers are being unemployed.people just returning from foreign country are jobless.industries,trade are not going well due difficulties in import and export of goods.
