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NYC NYC
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8 years ago
Kyle wants to borrow $500 from Stan. Stan wants to make 8% real return on his money, so they both agree on an 8% interest rate paid next year. Both don't anticipate the -3% inflation next year. In this case:
A) Stan is better off.
B) Kyle will pay an 11% nominal interest rate.
C) Kyle will pay an 8% real interest rate.
D) all of the above
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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