Calculate the real interest rate. If the real interest rate remains unchanged when the inflation rate increases
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Calculate the real interest rate. If the real interest rate remains unchanged when the inflation rate increases to 4 percent a year and then remains constant, explain how the nominal interest rate changes in the long run.
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Kirti Kaushal
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Related Book For 
Foundations Of Macroeconomics
ISBN: 9780691179261
7th Global Edition
Authors: Bade, Robin;Parkin, Michael
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