EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
5th Edition
ISBN: 8220106799727
Author: Mishkin
Publisher: PEARSON
Question
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Chapter 4, Problem 12Q
To determine

Whether it makes sense that even though the interest rates were lower in the mid-1980s than in the late 1970s, many economists have commented that real interest rates were actually much higher in the mid-1980s than in the late 1970s

Concept Introduction:

Real Interest rate - Nominal interest rate minus inflation rate results in the real interest rate.

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