The CPI fell from 110 at the start of the year to 125 at the end of the year. If the real interest rate is 7.9%, then what is the nominal interest rate?
The CPI fell from 110 at the start of the year to 125 at the end of the year. If the real interest rate is 7.9%, then what is the nominal interest rate?
Chapter17: Inflation
Section: Chapter Questions
Problem 9SQ
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The CPI fell from 110 at the start of the year to 125 at the end of the year. If the real interest rate is 7.9%, then what is the nominal interest rate?
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