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Suppose Thomas saves money at an interest rate of 3.5%. If he expects the inflation rate to be 1.0%, but the actual inflation rate is
Suppose Thomas saves money at an interest rate of 3.5%. If he expects the inflation rate to be 1.0%, but the actual inflation rate is 3.0%, then he is _____ off than expected in terms of purchasing power.
Question 50 options:
better | |
worse | |
neither better nor worse | |
not enough information |
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