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Suppose that the real interest rate is 3 percent and the inflation premium is 2 percent. Instructions: In part a, enter your answer as a

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Suppose that the real interest rate is 3 percent and the inflation premium is 2 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 nominal 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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