A columnist in the Wall Street Journal argues: Whether youre a borrower or a saver, what matters isnt the nominal interest rate but the real,
A columnist in the Wall Street Journal argues:
“Whether you’re a borrower or a saver, what matters isn’t the nominal interest rate but the
‘real,’ post-inflation rate of return.” Do you agree? Briefly explain.
Source: Brett Arends, “What Deflation Means for Your Wallet,” Wall Street Journal, July 7, 2010.
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Authors: R Glenn Hubbard ,Anthony Patrick O'Brien
1st Edition
013255352X, 978-0132553520
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