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An investor loaned money at 14 percent with an expected rate of inflation of 11 percent. During the year the actual rate of inflation was

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An investor loaned money at 14 percent with an expected rate of inflation of 11 percent. During the year the actual rate of inflation was 8 percent. The investor's expected real rate of interest was approximately and the realized real rate for the investor was approximately ? 14 percent: 8 percent 3 percent: 3 percent 3 percent: 6 percent 6 percent: 3 percent

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