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The following table lists some economic agents and their intentions. At present the interest rate is ...

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The following table lists some economic agents and their intentions. At present the interest rate is ...

The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.

Who	Intent	Amount Needed
Mike	Save for child's college	$50,000
Sophie	Buy a car	$10,000
Pie's Pizza	Expand restaurant	$100,000
Sara	Save for retirement	$100,000

Refer to the table above. You learn that currently the nominal interest rate lies below the real interest rate. From this you can infer that ________.

▸ inflation is negative, and Sophie will end up paying off her loan faster than expected

▸ inflation is positive, and Sophie will end up paying her loan off faster than expected

▸ inflation is negative, and Sophie will end up paying her loan off slower than expected

▸ inflation is negative, and Sophie will end up paying off her loan slower than expected

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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duankong-fei

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hardy7luver Author

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Good timing, thanks!

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Smart ... Thanks!

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