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Assume last year the bank was able to pay you 3.95% on the money you had in a savings account. Over the same year, inflation

Assume last year the bank was able to pay you 3.95% on the money you had in a savings account. Over the same year, inflation was 4.00%. Which of the following is most accurate? Multiple Choice You can buy less goods at the end of the year You have paid the bank 0.05% to borrow money You have earned a 0.05% return You can observe economic output declining

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