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If the real rate of interest is 4%, actual inflation for the last year was 5%, and expected inflation is 8%,the Fisher effect predicts what

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If the real rate of interest is 4%, actual inflation for the last year was 5%, and expected inflation is 8%,the Fisher effect predicts what current level of nominal interest rates? a. 8% b. 12% c. 13% d. 9%

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