Multiple Choice
If the nominal interest rate is 5 percent and there is no inflation,_____.
A) the real interest rate exceeds 5 percent
B) the real interest rate is less than 5 percent
C) the real interest rate is 5 percent
D) there is not enough information to determine the real interest rate
E) the real interest rate is zero
Correct Answer:
Verified
Correct Answer:
Verified
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