When the market interest rate is less than the real interest rate, then: (a) The inflated interest

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When the market interest rate is less than the real interest rate, then:

(a) The inflated interest rate is higher than the real interest rate

(b) The real interest rate is zero

(c) A deflationary condition exists

(d) An inflationary condition exists

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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