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    Principles of Macroeconomics Study Set 6
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    If the Inflation Rate Is 3 Percent and the Real
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If the Inflation Rate Is 3 Percent and the Real

Question 10

Question 10

Multiple Choice

If the inflation rate is 3 percent and the real interest rate is 4 percent,what is the nominal interest rate?


A) 1 percent
B) 3 percent
C) 5 percent
D) 7 percent

Correct Answer:

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