Assignment 7

 Students may be excused from attending class on the day of a graded activity or when attendance contributes to a student's grade, for the reasons stated in Section , or other reason deemed appropriate by the student's instructor.  Except in the case of the observance of a religious holiday, to be excused the student must notify his or her instructor in writing (acknowledged e-mail message is acceptable) prior to the date of absence if such notification is feasible.  In cases where advance notification is not feasible (. accident, or emergency) the student must provide notification by the end of the second working day after the absence.  This notification should include an explanation of why notice could not be sent prior to the class.  Accommodations sought for absences due to the observance of a religious holiday can be sought either prior or after the absence, but not later than two working days after the absence.

19. Suppose that for a given year, the nominal interest rate is 9 percent while inflation rises to 11 percent, a 4 percent higher rate than anticipated. Which group of people is made better off by the inflation?

a) Those who save at variable interest rates
b) Those who receive fixed incomes
c) Those who borrow at fixed interest rates
d) Those who borrow at variable interest rates
e) Those who lend at fixed interest rates

Assignment 7

assignment 7


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