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Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016 Exercise 5
What is the real interest rate paid on a credit card loan bearing 18 percent nominal interest per year, if the rate of inflation is
a. zero?
b. 4 percent?
c. 8 percent?
d. 15 percent?
e. 20 percent?
a. zero?
b. 4 percent?
c. 8 percent?
d. 15 percent?
e. 20 percent?
Explanation
Verified
Verified
The real rate of interest can be obtaine...
Macroeconomics 12th Edition by William Baumol,Alan Blinder
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