1). The expected real rate of interest is 2.9%, actual inflation over the last year was 2.9%, and the nominal interest rate is currently 1.5%. According to the Fisher equation, what is the expected inflation (in %) over the next year, dPe? Round to 0.01%. E.g., if your answer is 3.145%, record it as 3.15.

2). The expected real rate of interest is 5.2%, actual inflation over the last year was 5.6%, and expected inflation over the next year is -1.3%. What is the current level of nominal interest rates (in %) predicted by the Fisher equation? Round to 0.01%. E.g., if your answer is 3.145%, record it as 3.15.

3). You expect inflation over the next year to be -0.8%. Actual inflation over the last year was 3.7%, and the current nominal interest rate is 7.3%. What is your expected real rate of interest (in %)? Round to 0.01%. E.g., if your answer is 3.145%, record it as 3.15.