Nominal interest rate is 8% and inflation rate 2% what is the real interest rate?

Question:

Nominal interest rate is 8% and inflation rate 2% what is the real interest rate?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

Question Posted: