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What do you expect the inflation rate to be in Lukumenia, given nominal interest rates of 5 percent in Canada, 8 percent in Lukumenia, and

What do you expect the inflation rate to be in Lukumenia, given nominal interest rates of 5 percent in Canada, 8 percent in Lukumenia, and expected Canadian inflation of 2 percent?
Multiple Choice
-0.1%
0.1%
4.9%
11.1%
15.7%
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