Explain the meaning of nominal interest rate and real interest rate. How are they related?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:07 AM

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Explain the meaning of nominal interest rate and real interest rate. How are they related?

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The nominal interest rate is the rate of interest paid on a loa...View the full answer

Principles of economics

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