If expected inflation is constant and the nominal interest rate decreases by 2 percentage points, then the real interest rate a. increases, but by less than 2 percentage points. b. decreases, but by less than 2 percentage points. c. increases by 2 percentage points.

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense