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5 years ago
Nominal interest rates are higher than real interest rates as long as
A) expected inflation is positive.
B) the government taxes interest income.
C) inflation is expected to decline in the future.
D) long-term interest rates are higher than short-term interest rates.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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vehmeinvehmein
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