Multiple Choice
If real rates were higher than nominal rates in 2009,the implication is that
A) inflation was greater than the real rate.
B) inflation was less than the real rate.
C) the nominal rate was equal to the real rate.
D) inflation was negative (deflation was occurring) .
E) the real rate was equal to the rate of inflation.
Correct Answer:

Verified
Correct Answer:
Verified
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