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2. An investment offers a 10% total (nominal) return over the coming year. Bill Morneau thinks the total real return on this investment will be

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2. An investment offers a 10% total (nominal) return over the coming year. Bill Morneau thinks the total real return on this investment will be only 6%. What does Morneau believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) (1 Point)

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