The real interest rate in Africa is 1.1%. In 2019, the inflation rate was 1.6%. The expected inflation rate in 2021 is 1.4%. Calculate by how many percentage points we expect the nominal interest rate to change between 2019 and 2021.
The real interest rate in Africa is 1.1%. In 2019, the inflation rate was 1.6%. The expected inflation rate in 2021 is 1.4%. Calculate by how many percentage points we expect the nominal interest rate to change between 2019 and 2021.
Chapter14: Money And The Economy
Section: Chapter Questions
Problem 6WNG
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The real interest rate in Africa is 1.1%. In 2019, the inflation rate was 1.6%. The expected inflation rate in 2021 is 1.4%.
Calculate by how many percentage points we expect the nominal interest rate to change between 2019 and 2021.
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