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the answer I came up! Did I do the correct formula? 5. The real rate of interest is 5%, and the nominal rate of interest

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the answer I came up! Did I do the correct formula?
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5. The real rate of interest is 5%, and the nominal rate of interest is 11%. According to the Fisher Effect, what is the rate of inflation? 5. The real rate of interest is 5%, and the nominal rate of interest is 11%. According to the Fisher Effect, what is the rate of inflation? (1 + 0.05) x (1+0.11) = 1.1655 1.1655= 11.6%

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