Chapter 9 Homework Remember this is being graded and is due by Wednesday, April the From the book Concept Questions Core Questions 1, 2, 5, 7,8 Additional Question You observe that the current interest rate on short-term U.S. Treasury bills is 2.13 percent. You also read in the newspaper that the GDP deflator, which is a common macroeconomic indicator used by market analysts to gauge the inflation rate, currently implies that inflation is 1.4 percent. What is the approximate real rate of interest on short-term Treasury bills? (Enter your answer as a percent rounded to 2 decimal places.)