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Current real stock of money in the US

Real Interest Rate

Given 2005 data where nominal money supply (M1) $1,374.5 Billion, nominal interest rates is 6.89%, the consumer price index is 195 (1982-84 prices), and inflation rates is 3.4%, compute the current real stock of money in the US and real interest rates. Please provide an interpretation of the answer as well.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M926728

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