The annual inflation rate is expected to be 5 percent over the next 3 years. Juan plans to take out a 3-year loan to purchase an automobile. If Juan decides not to take out the loan if the real interest rate exceeds 3 percent, the highest nominal interest rate he is willing to pay is

A. 2 percent
B. 3 percent
C. 8 percent
D. 15 percent
E. 25 percent

Which statement best explains how world war ii to end the great depression? a. new job opportunities opened as the united states produced more military products. b. the u.s. army provided new jobs that paid better than any other work at the time. c. people had to worry more about war problems than about the economic crisis. d. the war caused people to trust the economy enough to spend more money.

How did the kansas-nebraska act contradict the missouri compromise?

Which term describes a possible explanation of, or answer to, a scientific question that is based on prior knowledge or research and that is testable?