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Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893 Exercise 3
*If the money rate of interest on a low-risk government bond is 10 percent and the inflation rate for the last several years has been steady at 4 percent, what is the estimated real rate of interest?
Explanation
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The "real rate of interest" is the rate ...
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
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