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You borrow $1000 from your rich Cousin for one year. You both expect inflation to be 6% and agree on a normal interest rate of
You borrow $1000 from your rich Cousin for one year. You both expect inflation to be 6% and agree on a normal interest rate of 10%. During the year the actual rate of inflation is 3%. The Rio rate of interest you both agree to it is
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
