Currently, the price index used to calculate the inflation rate is equal to 90. The general expectation

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Currently, the price index used to calculate the inflation rate is equal to 90. The general expectation throughout the economy is that next year its value will be 99. The current nominal interest rate is 12 percent. What is the real interest rate?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:36 PM

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Currently, the price index used to calculate the inflation rate is equal to 90. The general expectation

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Given Consumer price index 90 Expected CPI 99 Current nom...View the full answer

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