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Which of the Following Best Describes Nominal Interest Rates in the 1970s

Question 20

Multiple Choice

Which of the following best describes nominal interest rates in the 1970s and 1990s?

A) high in the 1970s and 1990s
B) low in the 1970s and 1990s
C) high in the 1970s; low in the 1990s
D) low in the 1970s; high in the 1990s

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