Question: Answer correctly and explain well. I ll rate. Ty-ped answer only. Don't use AI bot If the price level increases by 10% in one year,

Answer correctly and explain well. I ll rate. Ty-ped answer only. Don't use AI bot

If the price level increases by 10% in one year, then for the real rate of interest to be 10%, the nominal rate of interest would have to be ____ ? Answer to two decimals

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