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In2020, the velocity ofmoney was constant in Wonderland. In the same year, the country's Real GDP grew by 5 percent per year and the money
In2020, the velocity ofmoney was constant in Wonderland. In the same year, the country's Real GDP grew by 5 percent per year and the money supply grew by 12 percent per year. If the nominal interest rate was 9 percent, then calculate the real interest rate of the country in 2020
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