When the price level is rising at ______ and the real interest rate is 1 percent a
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When the price level is rising at ______ and the real interest rate is 1 percent a year, the nominal interest rate is 3 percent a year.
A. 4 percent a year
B. 3 percent a year
C. 2 percent a year
D. 1 percent a year
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C The nominal interest rate equals the real ...View the full answer
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