The annual rate of inflation average 2 percent during the, Ask an Expert

Economics

The annual rate of inflation average 2 percent during the past decade, but borrower and lenders anticipation that the price level will rise at the rate of 3 percent next year. The current nominal interest rate is 7 percent. What is the real rate of interest?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91795614

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