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Suppose you observe a nominal one-year interest rate of 4.8%. If the real rate of interest is 1.2%, what must the expected rate of inflation
Suppose you observe a nominal one-year interest rate of 4.8%. If the real rate of interest is 1.2%, what must the expected rate of inflation be? Enter your answer as a decimal and show four decimal places. For example, if your answer is 4.25%, you should enter .0425.
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