"economics"exercise:Fisher effect

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Questions 1:

According to the Fisher effect, an increase in expected inflation will most likely increase:

A、the real interest rate.

B、 both nominal and real interest rates.

C、 the nominal interest rate.

Questions 2:

The primary monetary policy goal of most major central banks is best characterized as:

A 、maintaining price stability.

B、 stimulating economic growth.

C、 maintaining low interest rates.

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. The Fisher effect states that the nominal interest rate is the sum of the real rate of interest and the expected rate of inflation over a given time horizon. An increase in expected inflation will result in a higher nominal rate.

A is incorrect. An increase in expected inflation increases only the nominal rate.

B is incorrect. An increase in expected inflation increases only the nominal rate.

【Answer to question 2】A

【analysis】

A is correct. The primary monetary policy goal of most major central banks is to maintain price stability.

B is incorrect. Though stimulating economic growth can be part of certain central banks objectives, the overriding objective is maintaining price stability.

C is incorrect. Central banks may have a variety of objectives, but the overriding one is maintaining price stability.

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