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Suppose that the inflation premium is 5 percent and the nominal interest rate is 8 percent. Instructions: In part a, enter your answer as a

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Suppose that the inflation premium is 5 percent and the nominal interest rate is 8 percent. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to the nearest whole number. a What is the real interest rate? percent b. Given the level of inflation, how many years will it take for the price level to double? years

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