Question: Can I get an answer with explanations? 7) If the nominal interest rate is 1 percent and the inflation rate is 5 percent, the real

Can I get an answer with explanations?

Can I get an answer with explanations? 7) If the nominal interest

7) If the nominal interest rate is 1 percent and the inflation rate is 5 percent, the real interest rate is: a) 6 percent b) -5 percent c) 1 percent d) -4 percent

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