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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 7
Given the following data, calculate the approximate real interest rate for years 2, 3, and 4. (Assume that 0each CPI number tells us the price level at the end of each year.)
If you lent $200 to a friend at the beginning of year 2 at the prevailing nominal interest rate of 15 percent, and your friend returned the money, with the interest, at the end of year 2, did you benefit from the deal?
If you lent $200 to a friend at the beginning of year 2 at the prevailing nominal interest rate of 15 percent, and your friend returned the money, with the interest, at the end of year 2, did you benefit from the deal?
Explanation
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The real interest rate is calculated by ...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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