Multiple Choice
The inflation rate has been 7 percent for 10 years, and the nominal interest rate has been 6 percent during this same time period. Suddenly, the public anticipates that the inflation rate will be 6 percent this coming year. The real rate of interest for the coming year is
A) 0 percent.
B) 2 percent.
C) 4 percent.
D) 13 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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