If the nominal interest rate is 15 percent and the inflation rate is 2 percent, then the real interest rate equals Multiple Choice 13 percent 15 percent 2 percent 17 percent
If the nominal interest rate is 15 percent and the inflation rate is 2 percent, then the real interest rate equals Multiple Choice 13 percent 15 percent 2 percent 17 percent
Chapter14: Money And The Economy
Section: Chapter Questions
Problem 6WNG
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Transcribed Image Text:If the nominal interest rate is 15 percent and the inflation rate is 2 percent. then the real interest rate equals
Multiple Choice
13 percent
15 percent
2 percent.
17 percent
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