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If the real interest rate was large during the last year, then a. inflation is expected to exceed the nominal interest rate in the future.

If the real interest rate was large during the last year, then a. inflation is expected to exceed the nominal interest rate in the future. b. inflation is expected to be less than the nominal interest rate in the future. c. actual inflation was less than the nominal interest rate. d. actual inflation was greater than the nominal interest rate.

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