In 2018, expected inflation exceeded inflation. In 2019, inflation exceeded expected inflation. Therefore the real interest rate was than the expected real interest rate in 2018 and the real interest rate was than the expected real interest rate in 2019. Select one: O a. greater; greater O b. less; less O c. less; greater O d. greater; less

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
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In 2018, expected inflation exceeded inflation. In 2019, inflation exceeded expected inflation. Therefore the real interest rate was
than the expected real interest rate in 2018 and the real interest rate was
than the expected real interest rate in 2019.
Select one:
O a. greater; greater
O b. less; less
O c. less; greater
O d. greater; less
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Transcribed Image Text:In 2018, expected inflation exceeded inflation. In 2019, inflation exceeded expected inflation. Therefore the real interest rate was than the expected real interest rate in 2018 and the real interest rate was than the expected real interest rate in 2019. Select one: O a. greater; greater O b. less; less O c. less; greater O d. greater; less Next page page S Type here to search
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