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10. In the US in the 2021-22 prices were rising so that inflation was about 7% and the nominal interest rate (Federal funds rate) about

10. In the US in the 2021-22 prices were rising so that inflation was about 7% and the

nominal interest rate (Federal funds rate) about 0.08 %. What was the real interest rate in

these years?

a. About 7%

b. About 0.08%

c. About -7%

d. About 0%

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