If the nominal interest rate is 9 percent and the inflation rate is 3 percent, the real

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If the nominal interest rate is 9 percent and the inflation rate is 3 percent, the real interest rate is

a. 3 percent.

b. 6 percent.

c. 9 percent.

d. 12 percent.

e. 27 percent.

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Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

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Question Posted: Nov 01, 2024 04:00 AM

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If the nominal interest rate is 9 percent and the inflation rate is 3 percent, the real interest rate is a. 3 percent. b. 6 percent. c. 9 percent. d. 12 percent. e. 27 percent.
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If the nominal interest rate is 9 percent and the inflation rate is 3 percent, the real

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Exploring Macroeconomics

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