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In Chapter 6: Real Interest Rates, there is an Application to Everyday Life: How Inflation and Taxes Reduce Investors' Returns section. This section is under
In Chapter 6: Real Interest Rates, there is an "Application to Everyday Life: How Inflation and Taxes Reduce Investors' Returns" section. This section is under "6-3c: What Happens to Expected Real Interest Rates in a Recession?" Read the section and then discuss the following questions: Do you feel the current tax rates in the United States are at the appropriate level? If not, would you raise or lower taxes, and why? The Federal Reserve has a target inflation rate of 2-3%. Do you think that is an appropriate level? Please explain your rationale
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