Assume that Avery takes out a loan when the nominal interest rate is 7 and the expected inflation rate is 3%. If the actual inflation rate is 5%, what is the real interest rate Avery pays on the loan?

Why was america’s victory at yorktown among the most significant battles of the american revolution? a. it made the british realize they were fighting a lost cause and soon after, they conceded the war. b. it forced colonists who had so far remained neutral to pick a side and enlist in the war. c. it the continental army remove all british barracks from new jersey. d. it secure france’s military and financial aid for the american cause. e.

What type of legislation has the member of congress introduced? a: a joint resolution b: a concurrent resolution c: a private bill d: a public bill

Most white men in the antebellum south could best be described as a) plantation owners. b) seafaring traders. c) merchants or shopkeepers. d) nonslaveholding family farmers.