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Suppose that the nominal interest rate is 7 percent and the real interest rate is 5 percent. Instructions: Enter your answers as a whole number.

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Suppose that the nominal interest rate is 7 percent and the real interest rate is 5 percent. Instructions: Enter your answers as a whole number. a. What is the inflation premium? percent b. Given the level of inflation, how many years will it take for the price level to double? years

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