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Could you explain the relationship among the real interest rate, nominal interest rate, and inflation rate? How can we get the approximate value of
Could you explain the relationship among the real interest rate, nominal interest rate, and inflation rate? How can we get the approximate value of the real interest rate (show the formula)? Could you also give me a real-life example to show this relationship? (For example, recall the one I showed you about buying apples)
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Inflation Rate Inflation is the average price of particular commodities ...
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
