Given the anticipated rate of inflation (i) of 1.7% and the real rate of interest (R) of

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Given the anticipated rate of inflation (i) of 1.7% and the real rate of interest (R) of 1.4%, find the nominal rate of interest (r) using the Fisher effect.
Select one:
a. 2.96%
b. 3.21%
c. 3.12%
d. 3.10%
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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