The two-year interest rate is 14.0% and the expected annual inflation rate is 7.0%. a.What is the expected real interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Expected real interest rate b-1. If the expected rate of inflation suddenly rises to 9.0%, what does Fisher's theory say about how the real interest rate will change? O Real rate increases O Real rate does not change O Real rate decreases % b-2. If the expected rate of inflation suddenly rises to 9.0%, what will be the new nominal rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Nominal rate %