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If the inflation rate is 3% and the nominal interest rate is 8%, what is the real interest rate? Your answer is referred to as
If the inflation rate is 3% and the nominal interest rate is 8%, what is the real interest rate? Your answer is referred to as the real pre tax interest rate.
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
