Negative inflation (deflation), nominal interest rates, and real rates. The Republic of Northern Lights, a small, stable country in the North Atlantic, is experiencing a negative inflation rate (deflation) at this time. The annual inflation rate is - 2.75%. If the nominal rate of interest is 6%, what are the real interest rates that the Northern Lightians are getting as a reward for waiting? Use the approximate nominal interest rate equation and the true nominal interest rate equation to determine the rates