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Find the real interest rate prevailing if inflation is 2% and Nominal Interest rate is 3 times the inflation rate

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 10SQ

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Find the real interest rate prevailing if inflation is 2% and Nominal Interest rate is 3 times the inflation rate

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