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For a given real interest rate, which of the following best describes the effects of an increase in inflation? Select one: a. Inflation makes the

For a given real interest rate, which of the following best describes the effects of an increase in inflation?

Select one:

a. Inflation makes the real interest rate decrease, which discourages savings.

b. Inflation makes the real interest rate increase, which discourages savings.

c. Inflation makes the real interest rate increase, which encourages savings.

d. Inflation makes the real interest rate decrease, which encourages savings.

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