Chapter Problem 4 Qu In 2006, an economy was at full employment. The quantity of money was growing at 6.1 percent a year, the nominal interest rate was 2.8 percent a year, real GDP grew at 4.4 percent a year, and the inflation rate was 21 percent a year. Calculate the real interest rate. The real interest rate was percent a year. >>> Answer to 1 decimal place.

Chapter Problem 4 Qu In 2006, an economy was at full employment. The quantity of money was growing at 6.1 percent a year, the nominal interest rate was 2.8 percent a year, real GDP grew at 4.4 percent a year, and the inflation rate was 21 percent a year. Calculate the real interest rate. The real interest rate was percent a year. >>> Answer to 1 decimal place.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 13P

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