Multiple Choice
Suppose the consumer price index was 184 in 2009 and 198.17 in 2010.The nominal interest rate during this period was 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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