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Nominal interest rates were lower in the 1980's than in the 1970's yet your economics instructor just claimed that the 'real rate' of interest was

Nominal interest rates were lower in the 1980's than in the 1970's yet your economics instructor just claimed that the 'real rate' of interest was higher in the mid- 1980's than the late 1970's. How can this be? What issues determine this

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