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Question:
a. What is the average year-over-year inflation rate, using the formula
b. What is the average T-bill rate?
c. Assume that the expected inflation rate is the same as the actual inflation rate (a restrictive assumption!) and calculate the average real interest rate, r.
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Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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