Solve these 3 questions...1-3

QUESTION 1 When inflation rises, the nominal interest rate O a. rises, and people desire to hold less money. O b. rises, and people desire to hold more money, O c. falls, and people desire to hold more money. O d. falls, and people desire to hold less money QUESTION 2 Higher inflation O a. causes firms to change prices less frequently and makes relative prices more variable. O b. causes firms to change prices more frequently and makes relative prices less variable. O c. causes firms to change prices more frequently and makes relative prices more variable. O d. causes firms to change prices less frequently and makes relative prices less variable. QUESTION 3 Which of the following products would be considered scarce? O a. bread O b. baseballs autographed by Babe Ruth O c. motorcycles O d. All of the above are correct