Question
Let i be the inflation rate, R be the nominal interest rate, r be the real interest rate, and 1/( 1+s ) be the discount
Letibe the inflation rate,Rbe the nominal interest rate,rbe the real interest rate, and 1/(1+s) be the discount factor. Which of the following represents the Fisher relation in the Lagos-Wright monetary model?
A.1 +R= (1 +r) (1 +s)
B.R=i-s
C.1 +R= (1 +i) / (1 +r)
D.1 +R= (1 +i) (1 +s)
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Managing Human Resources
Authors: Susan E Jackson, Randall S Schuler, Steve Werner
12th Edition
0190857560, 9780190857561
