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X Warm-Up 6-1 (similar to) The nominal, risk-free rate on T-bills recently is 1.53% If the real rate of interest is 0.94%, what is the

X Warm-Up 6-1 (similar to) The nominal, risk-free rate on T-bills recently is 1.53% If the real rate of interest is 0.94%, what is the expected level of inflation? The expected level of inflation, IP, is % (Round to two decimal places.)

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