=+ d. Warren lives in an economy with an infl ation rate of 10 percent. Over the

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d. Warren lives in an economy with an infl ation rate of 10 percent. Over the past year, he earned a return of $50,000 on his milliondollar portfolio of stocks and bonds. Because his tax rate is 20 percent, he paid $10,000 to the government.

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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