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The nominal interest rate minus the expected rate of inflation A. defines the real interest rate. B. defines the discount rate. C. is a less
The nominal interest rate minus the expected rate of inflation A. defines the real interest rate. B. defines the discount rate. C. is a less accurate measure of the incentives to borrow and lend than is the nominal interest rate. D. is a less accurate indicator of the tightness of credit market conditions than is the nominal interest rate
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