Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
Question
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Chapter 2, Problem 4WWMD
To determine

The possibility of the nominal interest rate being high at times of inflation, even if the real interest rate is set at a constant level.

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