Question
If we look at real and nominal interest rates in the United States since 1976, we see that a the nominal interest rate has always
If we look at real and nominal interest rates in the United States since 1976, we see that
a the nominal interest rate has always been less than the real interest rate because of inflation.
both the nominal and real interest rates were negative in the highly inflationary 1970s.
b at times the nominal interest rate has been greater than the real interest rate and at times has been less than it.
c the real interest rate has almost always been less than the nominal interest rate because of inflation.
d the difference between the nominal and real interest rates has widened during the 1990s because of inflation.
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