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Mellissav92 Mellissav92
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5 years ago
If you lend a dollar for a year and at the end of the year the price level has risen by 10 percent
A) the purchasing power of your loan has risen over the year regardless of the interest rate at which you lent it.
B) the purchasing power of your loan has remained constant over the year regardless of the interest rate at which you lent it.
C) you must have earned a nominal interest rate of 10 percent to maintain the purchasing power of your loan.
D) you must have earned a nominal interest rate of 5 percent to maintain the purchasing power of your loan.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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n-ngo1n-ngo1
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5 years ago
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Mellissav92 Author
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5 years ago
Brilliant ツ
logbi
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
Katey_maree
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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