Multiple Choice
Suppose the consumer price index was 184 in Year 1 and 198.17 in Year 1. The nominal interest rate during this period was steady at 5.8 percent. What was the real interest rate during this period?
A) 0.4 percent
B) 1.2 percent
C) -1.9 percent
D) -2.6 percent
Correct Answer:
Verified
Correct Answer:
Verified
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