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(Inflation and interest rates) Assume the expected inflation rate is 3.8 percent. If the current real rate of interest is 6.5 percent, what should the

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(Inflation and interest rates) Assume the expected inflation rate is 3.8 percent. If the current real rate of interest is 6.5 percent, what should the nominal rate of interest be? The nominal rate of interest should be %. (Round to two decimal places.)

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