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edubois111684 edubois111684
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5 years ago
Initially the nominal interest rate is 8 percent and the inflation rate is 5 percent. People know that the inflation rate increases to 10 percent. What is the new nominal interest rate?
A) 8 percent
B) 3 percent
C) 13 percent
D) 11 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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alasyachristinealasyachristine
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5 years ago
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edubois111684 Author
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5 years ago
Thank you, thank you, thank you!
Holly72492
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Tabitha.davis
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Thanks
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